33 replies to this topic

[SilentOne]

I am your friend and I solved that a long time ago. Join me as a POSITION TRADER.

hi mss,

I'm in here too. The only reason I am is I think oil will pull NG higher. I am sticking to the commodity ETFs like USL, USO and UNG primarily. GL.

cheers,

john

[uncleharley]

I am your friend and I solved that a long time ago. Join me as a POSITION TRADER.

hi mss,

I'm in here too. The only reason I am is I think oil will pull NG higher. I am sticking to the commodity ETFs like USL, USO and UNG primarily. GL.

cheers,

john

Wouldn't oil be more supportive when it gets back down to $40.00 or so?
http://stockcharts.com/h-sc/ui?s=$WTI...&a=53480314

uh

[SilentOne]

Wouldn't oil be more supportive when it gets back down to $40.00 or so?
http://stockcharts.com/h-sc/ui?s=$WTI...&a=53480314

uh

hi uh,

My reasoning is that the oil/ng ratio should not get much above 14, and actually trade in a range of 10 - 14. So IF crude goes to $70, then ng should go to at least $5 - 6.

cheers,

john

[Mike]

quote]

I am your friend and I solved that a long time ago. Join me as a POSITION TRADER.

mss
[/quote]

Hmmm, position trader? Like in...oh, never mind.

-MK

[Mike]

Any seats left in the position traders lounge? I may have to join you.

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

[mss]

We left you the lounge chair, but no TV

First positive close and I might go 200% ----it's alive, it's alive --- maybe.

http://stockcharts.c...8841&r=2082.png

mss

[uncleharley]

Wouldn't oil be more supportive when it gets back down to $40.00 or so?
http://stockcharts.com/h-sc/ui?s=$WTI...&a=53480314

uh

hi uh,

My reasoning is that the oil/ng ratio should not get much above 14, and actually trade in a range of 10 - 14. So IF crude goes to $70, then ng should go to at least $5 - 6.

cheers,

john

Your ratio is probably right on, but obviously the ratio could close by oil dropping in price. My thought was that since the price of oil seems to be consolidating in the 40 to 50 dollar range, it's next move will probably be back down to $40 or so. Then I could see it going back up again, perhaps bringing gas with it. Of course this is a short term call, for the longer term both oil and gas should go up, I just think the timing for a buy might be better at a later date.
uh

[senorBS]

Any seats left in the position traders lounge? I may have to join you.

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

Plenty of seats amigo as everyone hate this. Your chart explains why Senor has been in slow accumulation mode the last several days.

BSing away

Senor

[SilentOne]

hi uh,

Your ratio is probably right on, but obviously the ratio could close by oil dropping in price. My thought was that since the price of oil seems to be consolidating in the 40 to 50 dollar range, it's next move will probably be back down to $40 or so. Then I could see it going back up again, perhaps bringing gas with it. Of course this is a short term call, for the longer term both oil and gas should go up, I just think the timing for a buy might be better at a later date.

Actually I like oil better here. I am pretty certain what it is up to. Now if oil does rally here as I expect, will NG go along for the ride, because thus far it hasn't.

cheers,

john

[Mike]

The outstanding problem is the possibility of a 25% decline to the $3 level. Check out what happened in 2001 when it made a final multi-week plunge to what's now the trendline, and note how that move didn't even register on the macd or stochastic; a nice positive divergence, but quite a cost. For those position traders here, what will be your position if we begun that final decline? Will you hold through a loss of 25%? -MK