Nobody knows, and distrust anyone who acts like he does.

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p03149889863&a=204730441 For readers within driving range of San Francisco the finest technical analysis society in the country, and the oldest (tsaasf.org) meets monthly at Golden Gate University.  Last Thursday the…

Continue Reading Nobody knows, and distrust anyone who acts like he does.

TLT. TILT. TBT. Thousands of options ….

http://stockcharts.com/h-sc/ui?s=TLT&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=203282126 We had no sooner spoken of perhaps buying puts on the bonds (TLT bond etf, TBT short bond etf) that the WSJ published a squibb yesterday that someone came…

Continue Reading TLT. TILT. TBT. Thousands of options ….

How high do they go before they hit bottom? Interest rates — not politicians.

http://stockcharts.com/h-sc/ui?s=TLT&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=203282126 We would be remiss not to remark the action today in the 20 year bonds (TLT).  Unsetttling.  This  could be either the beginning of a blow-off, or the beginning…

Continue Reading How high do they go before they hit bottom? Interest rates — not politicians.

Hanging in the balance…

Here the crucial trendlines from the March 09 bottom.  Any way you slice it the sloped trendlines are almost irrelevant at this point.  The dominant and ominous line is the…

Continue Reading Hanging in the balance…