Bonds could fall further and correct down to $119-120 level, which may add enough juice to the general markets to push them to or even past 2012 highs. Generally when TLT pulls back the general markets have rallied. My timing signal hasn't switched to a full on buy right now, but it's leaning to the bullish side right now. I wouldn't advise being heavily short at this time. Remember that price is always right and right now it's moving higher.
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