Not surprised at TLT and GLD slam

9/29 Quarter end approaches special blog post: "Often but not always there are definitive moves near the end of a quarter or beginning of another as big institutions adjust their allocations."

10/1 Safe havens TLT weekly chart comment: "Held 2HP on recent low, but weekly chart with wick vulnerable to drop."

10/1 Quarterly and monthly charts special blog post on GLD monthly chart: "This looks more threatening with falling 50MA (purple) acting as resistance."

10/1 Total market view: "in general long term charts look bullish for USA stocks and a bit more negative for the safe havens TLT and GLD."

10/1 Total market view: "Bottom line - We'll have new Q4Ps and OctPs on Monday, and it will be easy to see what is above all pivots, what isn't, then what holds and what breaks."

10/3 SPY daily: "TLT clear drop below Q4P and broke OctP, bearish. GLD below a QP for the first time since January."