Harvested long bond positions last week, due to Fib resistance at (2) in the chart below (see bond harvest post)
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Now due to yields being on support, the “Power of the Pattern” is suggesting a new position in the bond arena…
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Game Plan… Would be a buyer of TBT at (3) with a 4% stop on the position. This is giving TLT on a 2% move upward before selling TBT!
