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ISHARES Barclays 20+ Yr Treas (NYSE: TLT) Breaks Support

|Includes: iShares 20+ Year Treasury Bond ETF (TLT)

November 4, 2010

Shares of ISHARES Barclays 20+ Yr Treas (NYSE: TLT) have broken below important support after the Federal Reserve announced it would be purchasing $600 billion in securities over the next eight months.

TLT is now down at levels last seen in July, 2010.

There is important support at $97.07, the 50% retracement of the entire April to August rally.

If broken, TLT will likely test $95.45, the 61.8% retracement support level.

A break and close below $95.45 would point to a test of the April lows.

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



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