TLT got hit hard last week, all right, but not in the way I’d predicted. The selling followed a feint to 101.39, a few ticks above a peak recorded back in January.  Actually, the feint that ended the rally was the second, following another that had occurred a week earlier. Very tricky, indeed. However, the bottom line is that buyers have generated a powerful impulse leg on the daily chart. This means that however hard T-Bonds get wacked in the days and weeks ahead, the weakness should be viewed as corrective. My rally target remains 105.49, as previously given here, and a pullback to 91.88 should be bought aggressively, stop 87.33. A red-line ‘mechanical’ buying opportunity could also materialize at p=96.42; it would require a stop-loss at 93.39.