Bill Gross of PIMCO buying Treasuries - should you?

Bloomberg TV reported yesterday that Bill Gross of PIMCO again said he's buying Treasuries. When I prepared this post last night I was still bullish Treasuries and glad to see Bill Gross, the "bond guru", agreeing. As I post this today, TLT is up $0.35 and may break above its 200-day moving average. That's a classically bullish move no matter what the wave count may be! Will Treasuries go to new highs? No, we cannot expect that - but their rally should continue higher for some weeks. And while I've liked $101-102 for a while for TLT, that's a conservative target and somewhat higher seems likely by the time a "B" wave count looks completed after some weeks.