I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
4,121 Blog Posts


The 20 year Treasury bond ETF has put in three significant swing points since its late July peak, and I’m positioning for what I expect to be significant point four (second lower-high) and the potential for significant point FIVE (lower-low, momo hoes).

Have a look:

I bought TBT this afternoon in anticipation of the above scenario. You will notice it’s a near mirror image of the TLT chart. I will look to take my first 1/3 scale if price trades into reference point “(3)” to lock in some gains. Not rocket science, just a bit of risk management wrapped into a momentum mentality.

Beyond that, I’m planning some grandiose events for this upcoming weekend to welcome the gentle seasonal change.



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One comment

  1. redman59

    Nice to see you have the same view for TLT, took more of a neutral trade expecting some bouncing around but expectations to the down side.

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