The TradingEdge

[jxyzobrien]

BONDS DOING PARABOLIC MOVE UP

When i first looked at (Bonds TLT) now at (109). I saw RSI at 73
and it looked a top. Then i looked at the longer term chart.
There is a swing point at 115.86 and TLT has strong volume and wants to go there. The move will be violent the market will gap
down and everyone will be saying spx 666 to be retested. That
will start a sustained rally.

Notice 4 times now the market had brief rallys on BT's 60 min
chart and immediately sold due to BONDS rallying. On todays 60 min
chart the last candle wicked out big time.

Bottom line money still flooding into bonds at record levels
and out of stocks. TLT jumped the creek at 102.50 with volume.