Big Level To Watch For In The Bonds
The bond market (TLT) has been trending upward in a well defined rising channel since last June. I consider this channel significant because it accurately predicted the October high.
The big level to watch for is the bottom of the channel which comes in at around the 93.50 area. You'll notice last month's low also coincides with this price level which helps add more reliability that the 93 to 93.50 price zone should act as support. If however this support level fails, the next stop on the downside would be 89.50.
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3 comments:
Kevin
Any ideas on the USD ?- no bottom insight!
Kevin,
I am a fellow technician, and recently started a blog topmastinvestments.blogspot.com. I had a reader tee off on me about my liability in doing a market blog. Any idea how solid your disclaimer is? I like the idea of sharing my trades, until I get one wrong and someone sues me. Have any idea on this? Thanks for the help....
I think my disclaimer is very clear about past performance, trading is risky, no guarantees, my posts are just my opinions....etc As long as you have a well written disclaimer on your blog, you should be ok.
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