TLT, SPY and IWM daily charts
Posted by: rp on the 27th of Oct 2011 at 02:21 pm
just sold out all the remaining core TLT shorts/TBT long across my accounts. that effective removes my last remaining short hedges. SPX has exceed my upper bounce projection but is approaching yet another key resistance level as is $RUT and of course, multiple monthly indicators remain on a sell/primary downtrend signal. the last couple of months will either include the biggest bear trap (Q3 2011) in history or the biggest bear market rally in history (october ’11). longer term charts (monthly/weekly) still indicating the latter for now.
