yep - my comments on BOIL last night were that it would look
much more attractive to me if it made another low below the Dec low
- as the whole pattern had a bear flag or 4th wave look to it on
the 60 min chart. Plus another low could set up some
divergence via the MACD, so I actually prefer this pullback
If Nat gas futures are below 3.50 we are
sideways to down on Nat gas.. unless you pick it
up with divergence at some bottom point like Matt says....
that's where we are at. over 3.50 and holding
on the futures might cause some short covering.
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boil
Posted by muslhead on 31st of Dec 2012 at 03:43 pm
NatGas up, boil getting absolutely crushed :-(
yep - my comments on
Posted by matt on 31st of Dec 2012 at 04:12 pm
yep - my comments on BOIL last night were that it would look much more attractive to me if it made another low below the Dec low - as the whole pattern had a bear flag or 4th wave look to it on the 60 min chart. Plus another low could set up some divergence via the MACD, so I actually prefer this pullback
i was just ruminating about
Posted by muslhead on 31st of Dec 2012 at 10:14 pm
i was just ruminating about the fact nat gas is up and boil is down.
WTF?
Shouldnt they at least move in the same direction ? LOL
nat gas was down 3.08%
Posted by 8899 on 1st of Jan 2013 at 08:06 am
boil... Rule of thumb
Posted by zach06 on 31st of Dec 2012 at 04:20 pm
If Nat gas futures are below 3.50 we are sideways to down on Nat gas.. unless you pick it up with divergence at some bottom point like Matt says.... that's where we are at. over 3.50 and holding on the futures might cause some short covering.