TMF Critical Point
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jonnyfrank
- Junior
- Posts: 265
- Joined: Sat Oct 17, 2020 11:39 am
TMF Critical Point
It seems that support is at around $54.34 for TMF right now....I am surprised by the big jump in rates and slump of bond prices. Will this hold or is it bound to drop further? I want to jump in at this price but......
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MarkD
- Black Belt
- Posts: 773
- Joined: Sat Oct 17, 2020 6:15 pm
Re: TMF Critical Point
My two cents, we're close.
Another leg down would set up a buying opportunity on the divergence of indicators which I follow (not TIs). Below Sol's entry of 91 looks very attractive down to 88 level.
Will be a buyer as I unloaded 2/3 of my TLT/ TMF otw up.
Another leg down would set up a buying opportunity on the divergence of indicators which I follow (not TIs). Below Sol's entry of 91 looks very attractive down to 88 level.
Will be a buyer as I unloaded 2/3 of my TLT/ TMF otw up.
"You can observe a lot just by watching"
Yogi Berra
“The best lies always contain a grain of truth”
Joakim Palmkvist
Yogi Berra
“The best lies always contain a grain of truth”
Joakim Palmkvist
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SOL
- Power VS Force
- Posts: 3267
- Joined: Sat Sep 26, 2020 7:32 am
Re: TMF Critical Point
The trajectory of TLT is currently on an ideal path. It's a common occurrence in today's market for assets to experience a breakout only to be pulled back shortly after. Conversely, overbought markets often seem to falter before rallying once more.
This pattern is part of a broader strategy to falsely encourage investors to adopt what they think is a contrarian position but, in fact, is a detrimental strategy. Oversold markets are portrayed negatively to dissuade further investment, while those overbought are made to appear attractive, enticing more buyers.
This pattern is part of a broader strategy to falsely encourage investors to adopt what they think is a contrarian position but, in fact, is a detrimental strategy. Oversold markets are portrayed negatively to dissuade further investment, while those overbought are made to appear attractive, enticing more buyers.
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply
The end is always near; its the beginning and how you live each moment that counts the most
The end is always near; its the beginning and how you live each moment that counts the most