Ishares Lehman 20yr (NYSE: TLT) At Unsustainable Levels Says Market Timer Frank Kollar
December 17, 2008 (FinancialWire) (By Frank Kollar)
Shares of the ETF Ishares Lehman 20 Year (NYSE: TLT) moved dramatically higher on Tuesday, December 16, after the federal Reserve Board cuts interest rates to an historic 0.025%.
Though the rally is huge, with interest rates at historic lows, there is little room left on the upside. We would have said the same thing a couple of weeks ago, so we are looking for TLT to decline and break below $110.00 a share before considering a short position.
Once this level is surpassed, TLT should reach $104.80 before substantial support is reached.
The Fibtimer.com (http://www.fibtimer.com) ETF Timing Strategy holds a position in TLT.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
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