Thursday, September 24, 2009

Lets Keep An Eye On This Market



The bond market has been quiet with TLT trading in a tight range over the past few weeks. Notice how the Bollinger Bands are beginning to contract. That usually means a move is coming so lets keep an eye on the market and watch for a breakout. My guess is that the breakout will be to the upside based on the seasonal which has been working well for me since June. As always, we'll let the market tell us which way it wants to go.

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