TLT EPISODE V: BURRY-d
Updated
He's apparently no longer short after opening positions near the local bottom
Here I want to see how real our breakout is
It's clearly broken the (dotted white) breakout line with a backtest
The (royal blue) median line from the ABC fork has acted as a resistance and it's above that
It's again above the 50day moving average which has golden crossed the 200 and all is well; with the sequence 50/100/200 being supportive in that order below price
In summary I believe this breakout is real, and can see there is decent volume on the breakout
Also there have been significant inflows into the TLT fund recently
TRADE AT YOUR OWN RISK
Here I want to see how real our breakout is
It's clearly broken the (dotted white) breakout line with a backtest
The (royal blue) median line from the ABC fork has acted as a resistance and it's above that
It's again above the 50day moving average which has golden crossed the 200 and all is well; with the sequence 50/100/200 being supportive in that order below price
In summary I believe this breakout is real, and can see there is decent volume on the breakout
Also there have been significant inflows into the TLT fund recently
TRADE AT YOUR OWN RISK
Note
Correction: Royal blue and its median are from the ABE fork not the ABC
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