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Wednesday, September 7, 2011

TLT - Topping?

Barclays 20+ Years Bond Fund might just have topped. If we close below 113.39 today we have an Island reversal top. A break below 110.45 (break back below the resistance-line) will confirm the top and call for a decline to at least 106.87, but we could easily see a continuation down towards support at 104.70.

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