TLT: waiting a long time. Is it time to buy?

BATS:TLT   Ishares 20+ Year Treasury Bond ETF
One more Fed hike this year and after that bond market will hopefully settle down. When rate cuts start to happen, stock market will most like take a nosedive and a better home for the capital will he right here at TLT. In between now and then I am planning to start accumulating little bit at time bottom fishing some lows, but not too much. TLT is dangerously close to getting bottom fall off. Below about $80.5, it may tank another 30%. So little bit here and there is the way to go right now with options hedge. Fed might keep hiking to infinity destroying US economy and bonds along the way. TLT will not be a good place in that case...

Technical areas: right now will look for a bounce to $ 95- $97. Above $99 there is a good change that the low is in. Otherwise will look for one more lower low to between $87 - $85 area. That is when I will put some more capital in. Below $80 it is game over, sell all, wait and see.


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