tag:blogger.com,1999:blog-37433435.post1221099285260044200..comments2024-01-29T01:52:07.363-05:00Comments on Kevin's Market Blog: Natural Gas - UpdateKevinhttp://www.blogger.com/profile/10858224918246729626noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-37433435.post-66517439672055420382009-08-18T04:33:47.651-05:002009-08-18T04:33:47.651-05:00What will happen to UNG when USO breaks below tren...What will happen to UNG when USO breaks below trend? USO has a massive potential head and shoulders right now.<br /><br />Dollar is breaking out. Deflation will roll the markets over soon IMO. Maybe they see S+P 1050 but after that I'm not sure people really want to know how far they are going to plummet. There are no earnings to support these valuations. Lotsa debt, no earnings, not Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37433435.post-5313579653877213742009-08-17T11:35:12.718-05:002009-08-17T11:35:12.718-05:00Hi Jack,
I'm going to leave UNG alone. I can&...Hi Jack,<br /><br />I'm going to leave UNG alone. I can't short it here.Kevinhttps://www.blogger.com/profile/10858224918246729626noreply@blogger.comtag:blogger.com,1999:blog-37433435.post-7702220806923391892009-08-17T09:58:18.080-05:002009-08-17T09:58:18.080-05:00Kevin,
I also thought that UNG will catch up with ...Kevin,<br />I also thought that UNG will catch up with USO, but got stopped out with a generous stop. Since this trade is busted, should we be shorting UNG and go long USD?<br />JackAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-37433435.post-81496690228572254612009-08-09T12:11:17.825-05:002009-08-09T12:11:17.825-05:00Hi Paul111,
As long as UNG continues to make high...Hi Paul111,<br /><br />As long as UNG continues to make higher highs and higher lows, the short term trend is up.Kevinhttps://www.blogger.com/profile/10858224918246729626noreply@blogger.comtag:blogger.com,1999:blog-37433435.post-60118385295366008112009-08-08T18:36:18.359-05:002009-08-08T18:36:18.359-05:00Hi Kevin,
I kept my stop a 50 below the bottom of...Hi Kevin,<br /><br />I kept my stop a 50 below the bottom of the gap. Technically speaking, is UNG still considered bullish?<br /><br />Thanks.<br /><br />Paulpaul111https://www.blogger.com/profile/06118230205676956878noreply@blogger.comtag:blogger.com,1999:blog-37433435.post-2610307917771201602009-08-08T10:06:48.718-05:002009-08-08T10:06:48.718-05:00I kept my stop a little lower...more like .40 to ....I kept my stop a little lower...more like .40 to .50 below the bottom of the gap. Whenever I play support or resistance levels, I always give these areas around 50 cents before I stop myself out. In my opinion, .10 is too tight.Kevinhttps://www.blogger.com/profile/10858224918246729626noreply@blogger.comtag:blogger.com,1999:blog-37433435.post-67659679411817316612009-08-08T00:26:27.099-05:002009-08-08T00:26:27.099-05:00Hi Kevin
UNG went below the gap by 10 cents and t...Hi Kevin<br /><br />UNG went below the gap by 10 cents and then poppped up again.<br /><br />Would that have been a stop-out or should the stop-loss have been lower than that.<br /><br />thanksfranknoreply@blogger.comtag:blogger.com,1999:blog-37433435.post-8570325570060798592009-08-06T21:34:46.459-05:002009-08-06T21:34:46.459-05:00Hi Andrew,
Yes I did get long when prices broke t...Hi Andrew,<br /><br />Yes I did get long when prices broke to new highs.Kevinhttps://www.blogger.com/profile/10858224918246729626noreply@blogger.comtag:blogger.com,1999:blog-37433435.post-84619225246737551132009-08-06T21:32:24.484-05:002009-08-06T21:32:24.484-05:00A 4 year cycle low does not have to be the low for...A 4 year cycle low does not have to be the low for the year. Every 4 years there tends to be a buy point where the market rallies from, almost like a launching pad. This low does not have to be the low for the year although many times it is. The low forecasted for next year is an approximation in TIME not price. 550 just happens to be where I placed the arrow. I haven't a clue as to what theKevinhttps://www.blogger.com/profile/10858224918246729626noreply@blogger.comtag:blogger.com,1999:blog-37433435.post-30947185150585244632009-08-06T20:25:35.787-05:002009-08-06T20:25:35.787-05:00You have posted a 4 year cycle low due next year @...You have posted a 4 year cycle low due next year @ around 550. While you point out the other 4 year lows, I notice those were not THE lows for the corresponding 4 years, while the one you have for 2010, is THE LOW. Any clarification will be helpful.<br /><br />Thanks,Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37433435.post-48158265924823154782009-08-06T19:41:49.286-05:002009-08-06T19:41:49.286-05:00Kevin,
Interested where you entered UNG? Was it a...Kevin,<br /><br />Interested where you entered UNG? Was it at a break to new recent highs? <br /><br />Cheers,<br />AndrewAndrewhttps://www.blogger.com/profile/15368794637417671980noreply@blogger.com