Current support at 87 with main support at 86.
TLT
Started by
no_mind
, Jan 25 2007 03:05 PM
4 replies to this topic
#2
Posted 25 January 2007 - 03:51 PM
Are you trading this one?
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~
#3
Posted 25 January 2007 - 04:22 PM
Are you trading this one?
SentientBeing,
Not at this time, I never short TLT, I only play it long. To me it doesn't look like it would be worth playing for a bounce until 86, but would have to look and decide at that time, at 87 there seems to be more downside left in most indicators. I'll continue to stand aside for now.
Best,
Tom
#4
Posted 25 January 2007 - 07:11 PM
Thanks for your reply.
I'm long oil but have moved the stop in tight because the "bounce" might be over. Still hoping for more upside there. Just moved my broader commodities ETF play (stop) to break even because it could roll over.
I'm also long TLT and down a little bit at this time. I think it's oversold against other markets but it will have to bounce fairly soon to keep me interested.
Edited by Sentient Being, 25 January 2007 - 07:12 PM.
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~