What say you? A major breakdown here or another leg up coming? Or, more sideways? Speak up in comments.
I am still looking for a weekly close below $122.50 on TLT to get the massive weekly chart bearish rising wedge thesis going.
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shit looks nasty
If treasuries are still around these levels halfway through 2013, I do believe I will reset my account to cash and start shorting them.
Sideways forever– or for the forseeable future anyway– is my guess.
To bet against treasuries is the same as betting against the fed. There will be some to and fro but if treasuries break will mean the fed lost control.
http://youtu.be/PLslC3yts2Q
i’ve been waiting to short treasuries in size for 2 years
wake me up when there’s an actual bear market taking place in that sector
$TLT is not part of free market.
It will go back up
well now, shit..
I wouldn’t want to be long this safe haven when it starts to unravel.
disclosure: I do hold small position inverse.
ahh..
😉
Need continued low rates as incubator for housing. Ben and Treasuries got yo back!