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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Sunday, 29 July 2012

TLT

some are calling a top in bonds and we got a nice bearish engulfing candle on the weekly.However this could be just a pullback to the strongly rising 50 dma and I wouldn't rush to call top on this yet.If it is a top it was 4 months off the low in March but 6 months would give a top in September.At least wait for a clean break of he 50 dma to be on the safe side


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