TA / HNU / $NATGAS
Is there anyone here who actually does technical analysis and still feels NG is looking up at this point ?
I'm an amateur just learning the black art and all the stuff I'm reading says it loud and clear... we are going to break support.
Now I realize that Nat Gas and HNU are not the same thing. But HNU does a pretty good job of tracing alongside the actual commodities movement. So charting HNU doesn't indicate trader momentum or interest necessarily, but it is a sort of reflection. And trader activity, albeit the intense manipulation by hedge funds to steal retail investors money, and if you read this board a lot you can see why they would want to, does reflect speculation on the economic outlook as it pertains to natural gas prices into the future, and can vary wildly which would have a moderating or mitigating variance on the reliability of charting.
But has anyone aced the TA gaze on Nat Gas ? That's reading this board I mean ? I suspect if TA gurus ace it on anything they are too busy making money to bother dropping in to Stockhouse Bullboards... but it doesn't hurt to ask.
Cartman - you are so right in your last post and I am on the sidelines right now but looking at HND in the morning. If tomorrow confirms the downward trend of NG I may nibble my way in to HNU... chart seems to be in favour of HND right now although I stand ready to be corrected if someone who is pretty confident shows me where it's not.
I get that Nat Gas will be going up someday and hope to catch the swing at exactly the right moment. Naturally I won't so don't worry about me having better luck than anyone else.