Here in a mirror image of TLT, TBT is breaking out, meaning it is time to get short bonds again. We bought TBT today, and have been warning continuously that bonds would turn and bite investors. Bonds however will probably not go to jail, and it was a waste of money and time to try him. His true punishment will be to hang forever in the Limbo or purgatory outside the gates of the Hall of Fame, and justly so.
Dump-bump-dump-surge pattern completed and power bar across trendline. Perfect.
STay tuned. A flood (tsunami?) of comments follow this weekend.