Posted by pthoreson on 26th of Aug 2008 at 02:35 pm
Thanks for the article.
UNG just hit overhead resistance in the 39.11 area and fell off.
This is the same resistance which sent it tumbling last week. I
have raised my stops to 38.47 and will take some profits if it gets
back near 39 this afternoon.
Posted by pthoreson on 26th of Aug 2008 at 03:50 pm
Stopped out. I raised the stop again to 38.52. Decent profit,
I'm happy. May buy it back once it puts in a bottom. Or trade the
next bounce. Or smoke a Monte Cristo. So many
choices................
Posted by dallahoo on 26th of Aug 2008 at 02:48 pm
if it is the beginning of anything serious, I'll be
watching for a possible formation of an Inv H&S with neckline
at the resistance you mentioned. I took partial profit, and now,
for me, it is either a new low, or higher with force. You can
clearly see it on 15 min chart of HNU.TO, which I use as proxy, it
will be a really nice setup
UNG
UNG
Posted by pthoreson on 26th of Aug 2008 at 02:35 pm
Thanks for the article.
UNG just hit overhead resistance in the 39.11 area and fell off. This is the same resistance which sent it tumbling last week. I have raised my stops to 38.47 and will take some profits if it gets back near 39 this afternoon.
Stopped out. I raised the
Posted by pthoreson on 26th of Aug 2008 at 03:50 pm
Stopped out. I raised the stop again to 38.52. Decent profit, I'm happy. May buy it back once it puts in a bottom. Or trade the next bounce. Or smoke a Monte Cristo. So many choices................
Nat Gas
Posted by dallahoo on 26th of Aug 2008 at 02:48 pm
if it is the beginning of anything serious, I'll be watching for a possible formation of an Inv H&S with neckline at the resistance you mentioned. I took partial profit, and now, for me, it is either a new low, or higher with force. You can clearly see it on 15 min chart of HNU.TO, which I use as proxy, it will be a really nice setup
HNU.TO