Categories
Bond

$TLT. It’s like November 2008 again.


TLT has breakout of its high from August 2010.

It is in a very strong bullish move reminiscent to the move back in November 2008; peak of the crisis?

Not only is TLT move steeper this time round (moving upwards faster), it also seems more gappy.

Back in 2008, within 1 month from the November move, TLT starts crashing down.

Will we see a similar move this time round? If yes, what could be the cause? I can only wait for a confirmation. Before that, I will sit tight and avoid placing a speculative bet.

By iam802

Trend trading with Ichimoku