Treasury Bonds Pattern Better than Ever

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Although I covered my TLT short yesterday, I re-entered it today in a bigger way once the ZB nailed its 149.25 neckline. This was a "to-the-penny" kind of retracement.


Looking at the TLT chart itself, my target remains about $122. It's going to take a little patience, but I think we're going ot get there.


TLT is my only big short right now; my dozens of other positions are, as you might have guessed, scattered amongst many tiny equity shorts.