Friday, August 19, 2011

TLT

TLT/ Long term Treasuries or the safe haven trade.

 TLT breakout, both days are Stars, which means they lost momentum.

 The 60 min 3C chart is negative at the breakout, likely to be a false breakout.

 The 10 min is also negative at the breakout, at each day's high.

The 1 min chart showing the negative divergence at today's high.

Should TLT break below the $109.35 area, especially on volume, you may want to look at buying TBT or TBF.

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