TLT Contrarain Sell?

With TLT overbought at new highs, could it be time to cut and run, or even consider TBT? I would not own TLT. However, I’m not ready to bet against it just yet. The dollar will benefit from the debt crisis everywhere else and be the last to go as long as it is the reserve currency. The money fleaing the Euro, and then the Yen has to end up somewhere. I don’t know if people will want to lock their money up for 30 years over a temporary crisis or if they do they may regret it.
Nevertheless, I think TLT/TBT is something that I will stay away from in favor of UUP as unlike TLT it has failed to break it’s 2010 highs. Although I am not in favor of either at the moment. The strong selloff in May strikes me as a short term buying opportunity into June even though the chart looks like crap I will venture out a bit into risk and buy FCX,aapl,goog,cmg,MLST,TJX,V,ALXN. Stops below 2 or 3 day low.