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Frank started market timing in 1982 when the Federal Reserve cut interest rates and sparked the 1980’s bull rally. Realizing that this rally could have been forecasted, he began to search for indicators which had similar forecasting ability. Within a year, his first newsletter was launched,... More
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  • Reversal Ahead For iShareS Barclays 20+ Yr Treas (NYSE: TLT) 0 comments
    Sep 27, 2012 3:41 PM | about stocks: TLT
    Reversal Ahead for ISHARES Barclays 20+ Yr Treas (NYSE: TLT) Market Timer Frank Kollar

    September 28, 2012 (By Frank Kollar)

    Shares of ISHARES Barclays 20+ Yr Treas (NYSE: TLT) have reached their declining trend resistance line which should result in a reversal.

    On Wednesday, TLT reached the resistance line, created by drawing a line on a daily bar chart connecting the July 25th high and the August 31st high, then continuing to the right of the chart.

    You can also draw a declining support line by connecting the August 16th low and the September 14th low then continuing to the right.

    The two declining lines create a declining channel for TLT that should result in lower lows in coming weeks.


    Chart Courtesy of StockCharts.com

    A decisive close above TLT 125 would break the channel on the upside and likely continue higher. But barring that, TLT is in a declining channel and should now move lower.

    The Fibtimer.com (http://www.fibtimer.com) ETF Timing Strategy does not currently hold a position in TLT.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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