This is a seasonal play as well as technical.
There is huge fund liquidation in the NG futures, which in the face of coming cold winter may turn out to be an overswing.
If it takes out the lows I'll lose a little but on further strength I am planning to add for a possible prolonged move.
F&D
buying retest of lows in UNG
Started by
flyers&divers
, Oct 30 2008 11:42 AM
2 replies to this topic
#1
flyers&divers
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Posted 30 October 2008 - 11:42 AM
"Successful trading is more about Sun Tzu then Elliott." F&D
#2
SilentOne
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Posted 30 October 2008 - 11:52 AM
f&d,
Looks like strength to the downside here intraday.
http://bigcharts.mar...&mocktick=1.gif
I did trade oil long this week but exited yesterday. Daytrades rule for now.
cheers,
john
Looks like strength to the downside here intraday.
http://bigcharts.mar...&mocktick=1.gif
I did trade oil long this week but exited yesterday. Daytrades rule for now.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#3
Drano
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Posted 30 October 2008 - 12:07 PM
End of month hijinks again?
Looks like it's trying to turn up.
