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CosmicDust
Jan 29, 2015 6:14 PM

TLT update - cautious - 1/29/2015 

Description

Overbought and facing long term resistance. This does not mean it cannot go even higher or even more overbought, just be cautious as selling off can be fast if that ever happens.Also note that bond sold off does not necessarily mean stock's gain.
Comments
jangseohee
excellent break out, but indicator doesn't seem to support though
CosmicDust
Agree, divergence usually happens at the last phase of spike with diminished volume. So yes, it can still go higher, might be a lot higher, but risk goes much higher along with it.
jangseohee
by all means :-)
risk is higher to short or to buy
you know it too well :-)
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