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Re: Jan Nat Gas/ Confirms Breakdown/Ronbo

Yes well one of these days NG will have a rally back with just a weak Fib 38.2% retracment of even the June to recent lows. That would cause a lot of short covering with the complacent bears for sure. But meanwhile the trend is your friend and we know which direction that is. No harm in buying the channel bottoms of each pattern if you like countertrend trades. One of these days you will see a bounce that surprises everyone. I've just found the NG options too expensive to bother with. If the calls were dirt cheap with the bearish trend it would make more sense but I am surprised the calls sell for what they do with the current price action. One would think they'd be almost giving them away.
I was thinking of your comment the other day about building outside California due to their restrictive building laws. Why not buy an existing house that needs renovating. Shouldn't have a lot of laws preventing you from renovating the place to what you want. And I understand houses are dirt cheap now in much of California. Seems like a logical plan to me.

Messages In This Thread

Jan Nat Gas/ Confirms Breakdown *PIC*
Re: Jan Nat Gas/ Confirms Breakdown/Trades
Re: Jan Nat Gas/ Confirms Breakdown/Ronbo