TLT, tilts again. This may be it.

2010-10-15-tlt

Here is a clear signal to short the bonds.  We bought TBT (scaling in).  We also bought the VXX as a volatility play.  These are trades which could turn into trend investments.  At the very least they are reasonably low risk trades and hedge our long trades.

When we sold our C and BAC we didn’t go short — but it’s worth considering shorting the banking industry.  Certainly a low risk trade.

Market shouldn’t crash until Tuesday.  We suspect that as the bank foreclosure fraud situation becomes clearer the market will use it as the excuse for a pronounced downwave.  Re this comment:  remember, we don’t get paid for observations like this.  We get paid for analyzing charts and not subscribing to market B.S..

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