Short Trade alert on TLT:
IF you believe in shorting bonds now that Yields are up, and the down move should extend below the last 80 week cycle, and you believe that the Fibonacci Extension is further below. Like most pros… Then join me in a nice short trade this week. Pay anything below 4.65 and youre good for a nice short. As I write this the bonds are gapping down again.
I totally believe that these will get to 100. dollars.
IF it doesn’t happen, it will be because the 40 week trough hasn’t been put in yet. At 45 plus weeks, I totally think its straddled. And not to mention the bearish news. They cant sell it fast enough. Believe me.