Taking profits in TBF (inverse bond EFT) at (2) in the chart below. TLT has declined over 10%, found the 61% Fibonacci retracement level at the bottom of two channels…
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Will know the “Pocket Change Gain” tomorrow at the opening….Bond plays are long from over with!!! Stay tuned…
Thanks Chris. I placed a very tight trailing stops on TMV and TBF and will let nature takes its course. cK
Seems to be a inverse relation between TLT and the Stock Market. Wonder if the TLT will stay in the downward channel.