Strategy: We are in 2-3 leg down, wait for price to reach ~$86 level, sell 6month-1year put for same price, as wave 4 &5 will bring price back to same levels.
Overall avoid urges to buy TLT yet!
Tuesday, December 8, 2009
TLT Charting
12/26: TLT is clearly in down trend, that too big time. Fibo shows that TLT could touch $70 in next year or two. AVOID TLT even if it looks "easy" to buy. All indicators are pointing downwards.
Strategy: We are in 2-3 leg down, wait for price to reach ~$86 level, sell 6month-1year put for same price, as wave 4 &5 will bring price back to same levels.
Overall avoid urges to buy TLT yet!
Strategy: We are in 2-3 leg down, wait for price to reach ~$86 level, sell 6month-1year put for same price, as wave 4 &5 will bring price back to same levels.
Overall avoid urges to buy TLT yet!
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