The purpose of this blog is to provide a unique insight into trends that guide market prices. It is intended to educate and show you characteristics about the stock market, of which, the so called "professionals" have no clue. Traditional technical analysis is almost completely worthless and that is one of the main reasons for the creation of this blog. If you enjoy market analysis and information that you will find nowhere else, this blog is for you!
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.