What do you know?

That's a move and maybe a double bottom:

http://stockcharts.c...39702765844.png

Regardless of what has happened today, I would go and buy as many Oct 15$ puts as possible. Double the deal when and if UNG hits 22 - 23. Let's visit the thread in October and see what happens then. Ready for the challenge?

Regardless of what has happened today, I would go and buy as many Oct 15$ puts as possible. Double the deal when and if UNG hits 22 - 23. Let's visit the thread in October and see what happens then. Ready for the challenge?

See the chart below? That's a perspective of where UNG (adjusted for several reverse splits) has come from. That red line is how long I've been making negative posts about natural gas on this board.

Since you have a history of not wanting to believe anything I say I have taken the time to gather a selection (most recent first) of the negative topics I have started here in nearly the past five years, often raising the ire of many of the gas bugs on this board. I probably made posts in others' threads along the way too but these are just my topics. Regardless, it's a pretty consistent and copious history.

SEP 2011 TO FEB 2012 THE EVER BETTER BARGAIN PARTS ONE AND TWO (Including the links within the links).

JUNE 2010 - DEC 2011 WHO LET THE GAS OUT AND OTHER LINKS (Including the links within the links).

DEC 2007

I have not shorted UNG. I've bought it a couple of times in the past for what turned out to be scalps at best. My bearish posts here have been mainly to stimulate discussion and give balance and warn against the rapture that's gone on with UNG on this board for years despite its relentless decline. I have no plans to buy it now. UNG may go up some more from here or it may have begun to go sideways with some decent basing swings. Regardless, I do not believe there will be any bull market in natural gas until fracking is outlawed. When the EPA announced and published its new regs in April and May (which I posted HERE), UNG bounced and so far has quit going down so there is some hope.

A challenge? What challenge would that be? I've been posting bearish comments and technical analysis on UNG for nearly five years. Where were you?

Best of luck to you in the future with whatever you want to do with this ETF.

http://stockcharts.c...39736896974.png

Since you have a history of not wanting to believe anything I say

I don't judge people, I only judge their charts and market calls. Let's keep it that way.

I have taken the time to gather a selection (most recent first) of the negative topics I have started here in nearly the past five years, often raising the ire of many of the gas bugs on this board. I probably made posts in others' threads along the way too but these are just my topics. Regardless, it's a pretty consistent and copious history.


A challenge? What challenge would that be? I've been posting bearish comments and technical analysis on UNG for nearly five years. Where were you?

Since you said "double bottom", I thought you were bullish. Because I am bearish on UNG on all timeframes, I used the word challenge. No big deal.

Thanks for the charts.

It is seasonally a possible play into the fall.


http://finviz.com/ch...=...amp;p=d&s=l

Since you said "double bottom", I thought you were bullish. Because I am bearish on UNG on all timeframes, I used the word challenge. No big deal.

Thanks for the charts.

It be accurate I said "maybe a double bottom." But yeah, no big deal.

Good luck with your trades.

Since you said "double bottom", I thought you were bullish. Because I am bearish on UNG on all timeframes, I used the word challenge. No big deal.

Thanks for the charts.

It be accurate I said "maybe a double bottom." But yeah, no big deal.

Good luck with your trades.

What do you know? "Maybe baby" is up nearly 12 percent on this post. Didn't buy any. BOIL, the more explosive of these NatGas ETfs, is up nearly 22 percent.

Am watching the recent high up there around 19.5 (see chart above in the initial June 14th post) to see how it acts up there (if it gets there). Taking out that high with conviction would be a double bottom. Pin me down, I suspect it's just the top of a range for a considerable sideways basing period that will keeping its eye mainly on politics.

Good luck and good trading.

that enough conviction for you? Somehow I had september as the month to bottom but these cycles dont always work

that enough conviction for you?
Somehow I had september as the month to bottom but these cycles dont always work

No.

Sure looked good early on, didn't it? Gapped over resistance with higher volume (even early on) than the day before. But as I said, pin me down, I suspect it's probably going sideways to work out a base until the election.

impressive volumes