Hey buddy, yeah, pretty good action today on that natgas huh? Everything thing else was in the 'red'.... lol, I almost shorted a couple contracts as a 'hedge' early this am with a tight stop just above 4.30...needless to say I'm glad I didn't! But it just goes to show one shouldn't trade above thier comfort level...tends to make one 'paranoid' lol.....
Nice chart btw! Looks like if we can clear 'round the 4.40 level we should be good to go! All the moving averages are in thier correct alignments and 'if' we can clear the 20dma with this positioning it would be very strong technically...
Higher highs...and higher lows baby!
btw, I did something I swore I'd never do again...bot some s&p 1300 puts...near the highs of the day fortunately...
I just kept lookin' at those charts this weekend and it looks so weak...and the timing as well....we could easily get 100 point drop any time...
But, I have to remember this is stocks, not commod's..and the price action is entirely different with indicators and divergences...and the 'powers that be' will manipulate it to no end as well...
Anyways be carefull with those silver longs eh? That one looks kinda scary....
Glad to see you are coping well under the circumstances...
Ron