Friday, January 23, 2009

Quick bonds update with calculations for the drop in TLT

In addition to 105 being a gap fill in TLT, here are some quick calculations and markings for other areas that may prove significant in TLT (as I mentioned, will examine in more detail this weekend). The 1.382 extension at 106.51 might be an area to keep an eye on today, especially since I don't have great certainty about the angle of the new downsloping trendlines I've drawn ... however, a gap fill is normally a rather attractive target as well:

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