Friday, March 26, 2010

US Long Bonds

Neckline support still holding. Notice how volume has surged at each test of the neckline. The energy of the tape is increasing.

It's quite likely that certain interests are throwing a lot of leveraged paper (buying) at the neckline. The size of the bond market, unlike gold and silver, means that it will be a difficult to control as confidence dwindles.

US Long Bonds ETF (TLT):

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