Will everybody selling stocks today there were a lot of investors stocking up on bonds as seen here in TLT. It looked like this issue was making a B-line for it’s 200 moving average, but only got as far as long term support (indicated by previous highs). There was also a gap support in the same area which may have helped it to find some footing. One good day doens’t make for an all clear on bonds, but the market spoke today and it’s our job to listen. Volume also rose well above it’s 50 day average indicatingaccumulation. I don’t think it would have any problem making it as high as $110.69, before running into any significant support.
