13 replies to this topic

[inamosa]

http://stockcharts.com/c-sc/sc?s=$NATGAS:$GOLD&p=W&st=1989-03-20&i=p75231016284&a=164187410&r=63.png

NG priced in different ways

[Kimston]

My work still says nat gas is going to 3. I have multiple time squares looking for a turn in NG somewhere around 4/30 to 5/3 area. If it's making lows around 3 in that time-frame I'll buy a load. Regardless, it should make some kind of turn at that time whether it's a high or low. Polarity is difficult to guess in advance. Kimston

[swanstkdh]

My work still says nat gas is going to 3. I have multiple time squares looking for a turn in NG somewhere around 4/30 to 5/3 area. If it's making lows around 3 in that time-frame I'll buy a load. Regardless, it should make some kind of turn at that time whether it's a high or low. Polarity is difficult to guess in advance.

Kimston

What do you think of the metals stocks? Same down as nat. gas and oil?

[Mike]

.
A picture is worth a thousand words. 3+ continues to be a logical target to establish a longer held position.

http://stockcharts.com/c-sc/sc?s=$NATGAS&p=W&st=1994-05-01&i=p82607364126&a=156126985&r=880.png

[swanstkdh]

Awesome.

[Kimston]

Yes,
That LT trendline is why I have posted several times over the last few months that I think we're going to 3.

Kimston

.
A picture is worth a thousand words. 3+ continues to be a logical target to establish a longer held position.

http://stockcharts.com/c-sc/sc?s=$NATGAS&p=W&st=1994-05-01&i=p82607364126&a=156126985&r=880.png

[Kimston]

My work still says nat gas is going to 3. I have multiple time squares looking for a turn in NG somewhere around 4/30 to 5/3 area. If it's making lows around 3 in that time-frame I'll buy a load. Regardless, it should make some kind of turn at that time whether it's a high or low. Polarity is difficult to guess in advance.

Kimston

What do you think of the metals stocks? Same down as nat. gas and oil?

I'm holding a small core position. I don't try to over correlate with other markets regarding timing. The mining indexes look like they put in 5 wave advance from the Oct 2008 lows, so I'm trying to sort out the corrective pattern to accumulate larger positions. Not a lot of confidence in timing on the metals currently, but I think LT is up.

Re nat gas, in addition to April timing for high/low I also have potential timing for low in Sep 2009.

Kimston

[swanstkdh]

Ung does not look like it has completed its 2 down yet and is going to the 13 somewhere price before finishing. I am going to get out if it rallies anywhere near 16.50. Then I believe in it. Many of the metal stocks have finished their 2 down and are preparing for 3 up I believe.

[inamosa]

More:

http://stockcharts.com/c-sc/sc?s=$NATGAS&p=M&yr=20&mn=0&dy=0&i=p19853685192&a=165008583&r=543.png

[Mike]

I wonder how many traders are looking at these same charts... Like, everyone? :stupid: This could be good, really good. -MK