Thursday, November 7, 2013

Capt. Hook sending TLT to $110 quickly

I bought Dec 106 calls when TLT was under $105 yesterday because it has just completed one of the most reliable and bullish formations I know of; The hook pattern. There are several nuances to the set up but as you can see today it is off to the start that I would expect from this particular pattern. Look for TLT to have a few strong days that take it to new relative highs. It should hit 110 at min by next week.

Daily close up 

Daily 6 month chart

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