BATS:TLT   Ishares 20+ Year Treasury Bond ETF
TLT - 20 Year US Gov't Bond ETF

Notice all of the gap-UP green circles. I count 26 gap UPs versus 10 gap downs.

This market has had a tremendous amount of "short-squeeze" to rally up to these levels.

Also, the recent European market turmoil has led to "flight to safety" buying of US Treasuries.

Notice how the rally pattern is indicative of a "euphoria for bonds".

Any bullish economic news could send this market into a tail-spin.

Target 114.50-112.75 by June.
Stop loss 3 average ranges.
Ideal entry: Friday on a rally into the gap.

Technical Tim, Thursday
May 10, 2012 10:29AM EST 117.92 last

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