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A Strong Technical Statement Today in the TBT


Tuesday December 3rd, 2013
A Strong Technical Statement Today in the TBT
by Mike Paulenoff www.MPTrader.com

Today will be my last MDM until next Tuesday or Wednesday after my initial recovery from hip replacement surgery.

From a P&F perspective, today's thrust from 77.00 to 78.90 represents vertical breakout "pole" above 78.00, and has triggered a next target zone in the vicinity of 80.00.

Such a move will test the prior P&F high at 80.10.

At this juncture, only a decline that breaks (prints) 77.80 will neutralize the current buy signal, while a decline that prints 76.80 will reverse ProShares UltraShort 20+ Year Treasury (TBT) directional polarity altogether.

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