RE: When to get inhatty - Nobody knows that exactly....my posts since a week ago have all said the same thing......I covered all my shorts because I thought the downsie was limited....still wasn't comfortable to go long at that point becuase we had not seen any good days WITH volume in a while......once we do, that could mean capitulation, meaning a bottom could be in and it was time to go long.
Today is looking like it could be here.....we have a good gain with good volume (althought not great volume)....it could very well be a sign of the bottom....I will wait for probably one more day like today to confirm it. If tommorow we have similar numbers, then I will go long for the time being.
Yes, you may miss out on some gains( I'm looking for an entry point of around $4.75-$4.80) but that shouldn't matter too much because I would look for the rally to get NG to at least $5.50 (thus around a 30% HNU gain) so yo're still set to make some very nice profits.....but you are limiting your downsie risk in case this does turn out to be a 1 day rally.