The Fred Report - Mid Week Update June 29, 2011
While the price action is good, accumulation models are less so, and some backing and filling, or an outright decline, is still possible and would not be a surprise. The TLT has closed below 95 and unless we move back above there soon, the up-move in TLT (and bonds) is likely over and it should move back to 88 or lower.
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