Jack Chan doesn't follow UNG on his list at stockcharts. LINK
But a downtrend line was broken and the MACD crossed up.
Still horizontal resistance directly overhead.
Jack doesn't use volume, but that last big white candle at the end of Feb. was on big volume.
http://stockcharts.c...8483&r=8933.png
If I was Jack Chan...Would UNG be a buy?
Started by
Rogerdodger
, Mar 03 2009 09:52 PM
7 replies to this topic
#1
Rogerdodger
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#2
Rogerdodger
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Posted 03 March 2009 - 10:04 PM
Jack doesn't seem to use divergences either, but you can see one with MACD.
This thing is in a bear market.
Just look at the MAs.
So far as they say: "In a bear market your buys are sells."
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#3
U.F.O.
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U.F.O.
Posted 03 March 2009 - 10:12 PM
I wouldn't buy it until it closes above the top of the gap window.(dashed line) If this thing fills the gap and then rolls over you don't want to own it. (1 chart)
U.F.O.
U.F.O.
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#4
Rogerdodger
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Posted 03 March 2009 - 10:19 PM
Yep, it's done that for months.
Boone Pickens would be broke by now except for the Trillion dollars in the stimulation bill.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#5
jdjimenez
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Posted 03 March 2009 - 10:22 PM
Jack Chan doesn't follow UNG on his list at stockcharts. LINK
But a downtrend line was broken and the MACD crossed up.
Still horizontal resistance directly overhead.
Jack doesn't use volume, but that last big white candle at the end of Feb. was on big volume.
http://stockcharts.c...8483&r=8933.png
I agree with you RD,
Opened 1/2 position on 2-27 @ 16.57 after it filled the 16.41 gap from 2-20. Will add second 1/2 on a close above 18.32, the down gap from 2-13. I had also noticed that 2x volume but it was EOM volume and Monday & Tuesday volume was below average, Monday was only slightly. Had we had 2x volume on Monday I would have added the second 1/2 and watched 18.32 like a hawk with a tight stop.
JDJ
#6
goldswinger
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Posted 03 March 2009 - 11:30 PM
I follow Jack Chan 's charts a bit, technically it would be a buy, but no set up , by that I mean the short term indicators are rolling over. It seems that a C wave down is next prior to a big move, in fact the whole market seems like that. The SPX should go down in a fast a furious final wave down Tomoorow for this cycle prior to a bounce that should test the major 750 support/now resistance.
Goldswinger.
#7
mss
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I'M WATCHING
Posted 04 March 2009 - 07:22 AM
The 60min chart suggest might have some legs, BUT gap is very impt. to over come.
[attachment=10074:ung_3_3_9.png]
mss
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#8
Rogerdodger
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Posted 04 March 2009 - 09:42 AM
Looks like a "Bullish Spring" 
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
