Thursday, September 17, 2009

overnight


Im still bullish on the overall market it just needed a breather the news was again encouraging


here is a idea of natural gas trends
like a train once it gets moving
gas made Oil look boring and we go where the volatility is











In today's trade I employed an average down style buying at 3.62 selling at 3.66
moving entry down 3.59 panicking out 3.61 buy 3.56 sell 3.62
buy 3.48 and that's where it stopped working as it broke down to 3.44 but bounced
still long the contract here
The month is almost over the fear now of course is that they are running out of storage
I touched on that last week even though it ran hard on almost an identical large build but 10 better than expected this time after the exuberant run to 3.87 right through the top of the bear channel(my esignal charts are better soon I will be exporting them)_and back down hard
Currently 3.51 and I am trying o off the long at 3.54.