Last week’s plunge to ten-year lows was so dispiriting that perhaps it’s time to prepare for an important turn. My gut feeling is that Friday’s 107.42 bottom lies within a single point or so of a major low that would surely be tradeable. If so, I’d suggest using a ‘camo’ set-up on the lesser charts to leverage a possible reversal. This one is likely to require expert play, but I’ll provide timely guidance in the chat room if interest is strong. ______ UPDATE (Sep 13, 8:57 p.m.): The so-far feeble bounce suggests TLT will continue down to at least p2=102.06 of this pattern before it can turn around. Otherwise, you can use a print at 108.90 as a bullish telltale.
TLT – Lehman Bond ETF (Last:107.70)
