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Wyckoff_Trader1
Feb 23, 2014 11:08 PM

TLT Possible Accumulation 

iShares 20+ Year Treasury Bond ETFNASDAQ

Description

TLT showed SOT, and now looks like it will retest resistance before heading back down to strong support. A move below 104.40 is a strong demand zone, but TLT may need to accumulate longer. There is also a chance this could be a redistribution range before heading lower. We will see how price acts when it hits demand zone.
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