MrHankydoesWallStreet Posted August 27, 2010 Report Posted August 27, 2010 I have been enjoying the bond bubble ride. This big a move should typically end with a blow off, exhaustion gap(s) and candlestick reversal. I plan to exit half my position when this occurs and the other half when my FCS system signals. Looks like we may pause here before another dive to 2% on TNX. TLT is good way to play this but if youve mised it so far your going to have to be nimble to try to catch the end. Of course we could even blow out 2 (briefly I would think) especially with all the continuing bond bubble blabber!!
MrHankydoesWallStreet Posted August 27, 2010 Author Report Posted August 27, 2010 Finally a death cross on SP 500 weekly. I can get more aggessive on the short side now. Watching that major suportive confluence of downsloping head and shoulders neckline, .38 retracement, and prior swing low to add to my currently conservative short position. Definitely DO NOT want to be long equities at all anymore.
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