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TLT has traded inside of a rising channel for all but 80 days in the past 8 years. TLT traded above line (1) for less than 80 days, back in the Financial crisis in 2008. It has paid to trade the range by harvesting at resistance line (1) and buying at the bottom of the channel.
One year ago this week, TLT was at the top of this channel, bullish bond sentiment stood in excess of 95% and the “Power of the Pattern” suggested to “harvest TLT and if very aggressive short bonds!” (see peak elevation in bonds here).
With TLT at the top of the channel again and bullish bond sentiment in excess of 95%….Will it be any different this time around???
Keep a close eye on Gold’s potential “Eiffel Tower” pattern (see post here) …if the Right side of the Eiffel tower pattern comes true for Gold,(which it will in time) it should ripple into the price of TLT.
Rashed…. Thank you for your viewership and comments. If you or any viewer would like to receive furhter info on “Premium Membership” send an email to [email protected] and in the subject line put “Premium Membership Info Request” and I will forward you info as soon as I can.
All the best,
Chris
Tom…Am honored by your kind comments. If you would like further details on “Premium Membership” please send me an email Tom and I will get you details. Email me at [email protected] and in the Subject line put “Premium Membership Info Request” and I will get you details as soon as I can.
All the best,
Chris
Chris:
I am a big follower of the charts and arguments you present and would like to know how does one become a premier member.
Thanks
Rashed
Chris – really enjoy your posts. I have seen you mention ‘premium members’ multiple times but don’t see anything on the site about premium membership cost or benefits. Is there a link somewhere?
Denis….Premium Members are long the 500 at this time….not ready to short at this time. Looking for a counter trend bounce, working towards the underside of the neckline. Thats where it should get REALLY FUN!!!
As Chris pointed out the Russell 2000 says it all….It’s just that simple….
fr Denis…
lookin f forward to your charting where the S&p will turn Chris?? ready to short…
Pete…Fear has gotten a tad bit high, as seen in the “climate extremes” post and the 50/50 challenge.
Will the economy perk up? Beyond my pay grade. With the neckline broken in the “lipstick on a Pig” post, I believe we should look at rallies as counter trend until the neckline resistance is broken to the upside.
Today’s TLT chart and Gold comments are interesting.
Perhaps I’m getting ahead of myself here, but might we be on the verge of a macro shift of investment capital from “fear sectors” such as bonds and gold to “risk sectors” such as equities?
With Labor Day coming up and vacation time behind us, one would think the economy will perk up a bit in the next few months, thereby exciting people’s investment juices.