6 replies to this topic

[greenie]

I see an island reversal (Never bet on the other side of me.)

[eminimee]

I wasn't short...but still has to prove itself...could turn into an ED 5th of C...has to get above that resistance line drawn here....count similar to TNX I posted up top...but in reverse obviously.

http://stockcharts.c...7686&r=8498.png

[eminimee]

..plus I can't find where you said you went long TLT....could you show me...so I remember not to go against you. lol

[Jnavin]

I'm still short TLT, greenie...not trapped though. Buy-stop was not taken out.

[greenie]

..plus I can't find where you said you went long TLT....could you show me...so I remember not to go against you. lol

April or May 2006 was the big position - don;t remember, added in Jan 2007 - I have to find the posts from the archives. Just search da_cheif and bond crash, and it should be within a day or two.

[eminimee]

ok..that's different..I thought it was a short term position.. ..what bugs me here is that utilities didn't rally on this dip on rates which is a non confirmation to me...and TLT should make that new low and the 10 year a new high on rates.

[greenie]

If you really wanna be a bond bear, junk bonds are crashing hard, irrespective of TLT direction. I do not know about UTILs, but REITs are responding to the junk market. That's where their credit comes from.