Friday, February 24, 2012

TLT Forming A Triangle

The TLT appears to be forming a very long triangle that should lead to an upside breakout later this year.  If so, the target is 132 to 140.

Very little has happened this week as the market has stalled out with the SP500 just below the 2011 high.  It looks like the SP500 will try to breach that high next week before rolling over, but the selling could begin from the outset on Monday.

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