Seeking Alpha
  • Playing the Ponzi
    TLT is still supported by its steep upward trendline dating back to August... not yet broken.
    12/9/11
    Reply (3)
    • Rubenov: I'm betting on Santa breaking TLT's back for good.
      12/9/11
    • Playing the Ponzi: Could be, but I think the tendline+200 day resistance at S&P 1265 will hold & major topping continues. That would likely support TLT.
      12/9/11
    • Playing the Ponzi: I agree if we break SPX 1265 cleanly, we'd likely shoot to 1320 and TLT breaks down. But this is an unconvincing rally, imho.
      12/9/11