I am spending a few days in the rockies enjoying old and new friends. Love the  breath- taking views!  Thank you RW for such a beautiful place to stay!!!

¬†This area¬†provides you the chance to travel on one of the highest¬†paved roads in America, “Trail Ridge Road.”¬†¬†As we all¬†know, markets can reach high elevations from time to time and the chart below presents the case that TLT¬†could very well have achieved a¬†“peak elevation in prices” this past week….

Not only did TLT hit an important Fib retracement level at (1) in the above chart, a crossroads of resistance recently came into play in the chart below.  This chart was originally posted as the weekly quiz on dshort.com, 8/18/2010.  It suggested to harvest against resistance.

For those that would like to score on defense, pick up the inverse bond ETF (TBF), with a stop 2% above the 61% retracment level and let the “Power of the Pattern” be your investment friend!

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past