It did, JJ. Thanks. As I recall, you posted your wedge with a comment about an overshoot in the morning of Jan 18, when TLT was finishing the last impulse... was stupid of me not to unload everything.
When I entered the position back at the November lows, it was a completely contrarian play... the only thing everyone was talking about were inflation and higher rates --- and all the while the Commerclials kept building up large long positions. So, it was a choppy ride, but worked out.
As of today, TLT gave up about 50% of the entire advance. Not sure - should I be a seller of the remaining shares, or a buyer of more. Will think about it.
This chart I posted a few weeks ago. By now, it is clear that what I labeled as a "?" mark was indeed an evolving impulse, probably the fifth:
stockcharts.com[a,a]eaclyyay[d63][pb50!b200][vc60][iub14!la12,26,9][J64530748,Y]&listNum=1 |
