At TLT's top (end of Aug 2010), the SPY started to head up after crossing it's 50dma. About 5 weeks later, about the 1st week of Oct 2010, TLT broke south of it's 50dma and headed down, as SPY headed up.
Per this "bearish" poster, we are at the crossroads now. He's previously pointed out the rollover into bonds and the movement out of stocks (which has been going on since early April).
Here's a paste of his post:
Re: you can tell who trades 1-Jun-11 07:54 pm
It's just the 50 with a comparison to the 50 on the TLT.
When a certain pattern hits the 2 you go short the SPY when you get the opposite, you go long the SPY pro's use it all the time it never fails but takes great patients.
Only about 3 signals per year. Takes guts to pull the trigger.
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.