Quote Originally Posted by Wei View Post
TLT's chart looks promising for a second leg down, but the MF chart looks very bullish though.
When it comes to tlt and the other bond ETF's I don't think ETF volume is a tell-tale for what actually is happening. The bond futures and their derivatives are (I think) more products to watch. Let's not forget we are talking about a market with a couple of trillion in size and players like Bill Gross and Jeffery Gundlach - to name two biggies.

I am very novice when it comes to interest rate trading - (read extreme novice), but I suspect that the EU will have kicked the can fare enough down the road that it has become invisible for some time. With the political system in the US in disarray till Jan 2013, I presume we will get an attack on the US bonds. Which other sandbox is available for our bond-vigilantes to play in.

If my theory plays out -- then I see interest rate going up, USD going up!!!, SPX coming down.