Friday, March 29, 2013

TLT update

In my last post on TLT [here], I identified an opportunity offered on Treasuries to the upside. I have not yet changed over into treasuries in my 401k as I want to 'time' the market and get in at a better price. I believe we are done with what looks like a wave 1 to the upside. I am waiting for wave 2 down next week to load up. The daily Stochastic is overbought and should provide a brief opportunity to get a better price.

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