Thursday, April 21, 2005 9:05:54 PM
TLT is a buy on Friday between 91.28--89.48. As long as it can stay above its 21-day SMA on a closing basis, I'm long. I'm buying on dips below its 5-day SMA. With the ADX over 20 and the MACD and Parabolic SAR still in positive configuration, I'll accumulating between 91.28--89.48.
Note the volume and price today. Price was down and volume are declining. I consider the current market trend is strong (bullish--long positions being forced to liquidate; countertrend move will end as all sellers sell their positions.
Three events will trigger a sell: 1) SAR reverses, 2) MACD crosses its signal line, or 3) 1% close below the 21-day SMA.
Cheers!
Note the volume and price today. Price was down and volume are declining. I consider the current market trend is strong (bullish--long positions being forced to liquidate; countertrend move will end as all sellers sell their positions.
Three events will trigger a sell: 1) SAR reverses, 2) MACD crosses its signal line, or 3) 1% close below the 21-day SMA.
Cheers!
Regards,
frenchee
#board-4258 TSP Trend Timing: EFA (I), TLT (F), SPY (C), and VXF (S)
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