AMEX:TLT   ISHARES 20+ YEAR TREASURY BOND E
171 1 0
TLT             bubble about to burst in august or september?
2 options the way I see it:
1) Dead cat bounce and a break of neckline.... Will give the SP             a 5th wave up if so then SP             is in a wave 4 (pennant) correction right now.
2) A head test of the SHS             .... and the SP             will have finished it's A-B-C move from 666,67 and is heading down again.

Your choice gents! Safe trading!
BM
Wall St Scalper
I'm sticking with the Double Top -- maybe Triple Top
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