It has been quite a while since I last spoke about TLT (please see my last post here: http://theelliottwavesufer.blogspot.dk/2012/10/elliott-wave-analysis-of-tlt.html)
I have change my count somewhat, but never the less the target from October 2012 at 109.76 still stands. The rise in bond yilds could indicate, that the Market believes that the economy is getting better. That would also fit in with the new all time high in the stock market.
From a tecnical point of view, Fridays close was very important as the break-down incicates that the next powerful decline is well under way and we should soon see 111 tested if not lower.
No comments:
Post a Comment