I own some TLT, and it may be setting up for a move to the upside. Often times when the ADX comes down below the +DI & -D1 lines, it’s consolidating the previous big move and could likely move in the overall trend very quickly. Yes Friday wasn’t good for the chart and if it doesn’t turn around pronto I’ll be out of this trade, but it wouldn’t surprise me to see this gap down on Monday and close higher by the end of the day. With the quantitative easing our government has engaged in, I would suspect they’re going to be buying bonds in a big way.
