Friday, April 29, 2005 11:20:08 PM
Yes.
Both the short on QQQQ and long on TLT have been very good to me. At least for the short term, I think the long in TLT could be coming to an end. The train is still moving but it's showing signs of decreasing momentum. Here's why...
1) Note the volume since mid-April doesn't confirm the price run. It might be short sellers are covering positions, causing a rally, and money is leaving the marketplace.
2) The Chaikin Oscillator (ChiOsc) has a negative divergence with price. The ChiOsc has been flat with a downward bias and price is trending up. This is a sign of distribution.
3) The MACD line and its signal line are getting closer together. The MACD Histogram shows the difference between the MACD line and the signal line. This is a sign the rate of change is slowing down.
The weight of the evidence suggests moving my stop to the Parabolic SAR point currently at 91.39.
Both the short on QQQQ and long on TLT have been very good to me. At least for the short term, I think the long in TLT could be coming to an end. The train is still moving but it's showing signs of decreasing momentum. Here's why...
1) Note the volume since mid-April doesn't confirm the price run. It might be short sellers are covering positions, causing a rally, and money is leaving the marketplace.
2) The Chaikin Oscillator (ChiOsc) has a negative divergence with price. The ChiOsc has been flat with a downward bias and price is trending up. This is a sign of distribution.
3) The MACD line and its signal line are getting closer together. The MACD Histogram shows the difference between the MACD line and the signal line. This is a sign the rate of change is slowing down.
The weight of the evidence suggests moving my stop to the Parabolic SAR point currently at 91.39.
Regards,
frenchee
#board-4258 TSP Trend Timing: EFA (I), TLT (F), SPY (C), and VXF (S)
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
