Saturday, July 25, 2009

Friday, July 24, 2009

Nat Gas - Next Leg Lower?

After yesterday's big down day (-5%), it looks like nat gas has set a significant top for now. The question is, is there a next leg lower? Or will nat gas start to trend up for the first time this year? I think a break above yesterday's high will be a signal to get long UNG. Till then we assume that this is headed lower since that is the trend.



I actually think there is a significant chance that nat gas has formed a nice double bottom, but for now I have sold my UNG for a gain, and would not mind re-entering at higher prices.

Monday, July 20, 2009

MAD4e

http://www.sendspace.com/file/ydrg2s

Should have everything that you need.

Monday, July 6, 2009

Chop

Healthy digestion of recent run-up from lows? Or resistance forming for a major leg down? I am more neutral than anything.



On another note, I will probably share the TS functions, indicators and strategies that I have shown here (what I call MAD4e). They are not complicated at all, and their usefulness really depends on the market you are trading, but I will share them soon.