Bond Bull Market Not Over Yet
There is plenty to worry about for the modern day investor. Recession, fiscal cliff, Europe, China and of course SP500 companies falling revenue estimates. These worries are keeping a bid under the bond market not to mention the US Federal reserve buying long 30yr bonds.
The power behind the bond trend is still healthy, the TLT is still working with buy the dips. Cant see any reason why the upper range of this chart will not be tested again.
The indicator below is the standard On Balance volume added together wth readtheticker.com very own money flow indicator RTTTrendPower, hence the name of the indicator RTTTrendPowerOBV.