649bruno
Long

TLT Update: Bullish Trend Likely To Continue

NASDAQ:TLT   ISHARES 20+ YEAR TREASURY BOND ETF
34 2 3
Four days ago I published a chart for TLT             advising you of a pullback to $132. This did indeed happen. If you look at the chart above you will see the upside reversal at $132 (a fall to the blue line, or jaw of the alligator). I bought a new position at $132.39 and look to hold TLT             .
Why? 1. As a risk-off trade, 2. As a safe haven, 3. Because I think interest rates will continue to fall.
Let's review Don's TRADE-MAP approach:
TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
.....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance.
When I mention "Don's Top Ten Technicals", I use the elements of the "TRADE-MAP" approach:
1. The Ichimoku Cloud is rising. 2. Prices have risen above the cloud. 3. (After the pullback to $132) Prices are trading above the thick red Ichimoku Cloud Conversion line.
4. The thick red conversion line is also rising.
5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud , which is rising and above the cloud. 6. The indicator on the top of the page is RSI / Stochastic , and this is EXTREMELY strong, at the oversold portion, (and likely to rise).
7. The top middle indicator is vortex and it is strong (green over red). 8. The Top (bar-type) indicator measures the "phase energy" of the stock , and this is VERY STRONG. 9. The green fractal arrows are up (not shown). 10. Look to the far right on the chart, around $134.00. You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising, correct? This is where I ask you to use your imagination and envision these three items as the "separated jaws of a feeding alligator". This is a positive indication because the alligator is FEEDING in the uptrend.
My opinion: stay long TLT             . I would like to close with THREE quotes from Jack Benny:
1. “I don't deserve this award, but I have arthritis and I don't deserve that either.”
2. “Give me golf clubs, fresh air and a beautiful partner, and you can keep the clubs and the fresh air.”
3. “Age is strictly a case of mind over matter. If you don't mind, it doesn't matter.”

My goal is to entertain and inform. I hope all of your trades go well. Don.
snoopy11223 PRO
5 months ago
I am also thinking that this is a safe haven go to however notice that it is around a new high which to me says be on your guard. We have no information about how high this can go? I love your charting! You understand your tools way beyond my comprehension. I appreciate your explainations! Thanks! I agree this is a risk trade off!
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649bruno snoopy11223
5 months ago
You are so right. I sold this morning at $139.25, which, as a statistician, is X Bar (moving average) plus 4 sigma (four standard deviations). This means the price has been lower 99.83 % of the time. This is why I sold. I will buy back (hopefully) at much lower levels, Than you for your comments. Don.
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