comments ( HNU lower etc )per my posts that NG ( $natgas chart)
likely to trade 3.30 to 3.90 ish range for 4 - now 3 weeks
if Sept NG falls from today's 3.55 to say 3.35 ish
by thurs report or friday or next week
( only down 5.6% )
then HNU can be around 3.79
(and /or contango rolls down in late Aug )
(and N G still could dip under past 3.21 low
-- to 2.90 to 3.15 area )
for HNU even lower
Raccoon that's a pattern?
other than eia reports causes movement - up and down
Odds are downward
( but I haven't read any reports/data)
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added:
maybe Tgar can paste a post on calcs etc for Bullman
RESETS EVEN DAY - and is double %
use some grade 10 algebra and spreadsheet or a pencil and paper
and see why it erodes etc
( not counting the futures rollovers )
Beta's are never a screaming buy -until/unless a firm trend starts
with a seasonal influence - for a few weeks.
Past prices are irrelevant
you can estimate the max new possible peak
Rollback occurs around when a Beta hits the 2 to 2.50 area
and those others in the 3's will go also.
IF insisting on ave down -Maybe buy some GAS or UNG - wait on HNU
( why can't UNG touch 1.99 again ?)
see what a search on \
" Averaging Up vs Averaging Down" and "leveraged ETF" gives you
try dogpile
-- Likely a Gartman quote comes up ?
........................
Still waiting to make first entry
Reagards
U