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Nat Gas may flame out but...


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#1 diogenes227

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Posted 14 November 2018 - 05:34 PM

From the link:

 

 

Today looks like a blow-off high but…

 

But UNG (US Natural Fund) sure has given a lesson in what can happen on a technical breakout from a flat base, from 27.5 to 39.5 in eight trading days (see the chart below). Kind of crazy.

 

I guess it’s a weather report for a cold, cold winter.

 

For the trade going forward and a chart:

 

UNG - KIND OF CRAZY


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#2 diogenes227

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Posted 15 November 2018 - 02:50 PM

Yesterday's suggested flame-out is today's reality.  Down 16% but still up 13% on the swing trade.

 


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#3 dougie

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Posted 17 December 2018 - 12:33 AM

pull back targets?