Wednesday, September 26, 2012

TLT Update

TLT 20+ Treasury IshareS
This graph shows the effects of the various cycles emanating from BC and XY at play in the TLT chart.
  • The cycles are marked c1, c2, c3& c4
  • Major Support is line 'CE'
  • Minor Support is line 'YZ'
  • Diagonal fan-lines indicate support-resistance
  • c2 is resolved at point Y
  • currently the market is under the influence of c3
  • a break below CE and YZ would indicate c4 is dominant.

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