Comments on: A Weekly and Daily Chart View of UNG Natural Gas Oct 26

By: UNG Natural Gas Update for November 7 | Penny Stock Trading System Blog

UNG Natural Gas Update for November 7 | Penny Stock Trading System Blog — Sun, 08 Nov 2009 22:31:51 +0000

[...] I wanted to do an update post on the infamous Natural Gas fund UNG, now that it has (almost) completed a test of the prior lows as mentioned in my prior post entitled, “A Weekly and Daily Chart View of UNG on October 28th.” [...]

By: UNG Natural Gas Update for November 7 | Afraid to Trade.com Blog

UNG Natural Gas Update for November 7 | Afraid to Trade.com Blog — Sun, 08 Nov 2009 03:34:29 +0000

[...] UNG Natural Gas Update for November 7 Nov 7, 2009: 10:34 PM CST // I wanted to do an update post on the infamous Natural Gas fund UNG, now that it has (almost) completed a test of the prior lows as mentioned in my prior post entitled, “A Weekly and Daily Chart View of UNG on October 28th.” [...]

By: Dan de Man

Dan de Man — Wed, 28 Oct 2009 03:53:11 +0000

60 minute charts are turning bullish. I might have to reverse this position and day trade it if we have a short covering rally tomorrow.

By: Dan de Man

Dan de Man — Tue, 27 Oct 2009 22:53:11 +0000

60 minute charts are turning bullish. I might have to reverse this position and day trade it if we have a short covering rally tomorrow.

By: Dan de Man

Dan de Man — Mon, 26 Oct 2009 17:35:19 +0000

Thank you Corey! Your site is amazing too. Your technical intellect is outstanding. There is always something great to read and learning off each other it very stimulating.

Good luck in your trading and all the best.

Dan

By: Corey Rosenbloom, CMT

Corey Rosenbloom, CMT — Mon, 26 Oct 2009 17:25:42 +0000

Thanks Pete!

Glad to have you as a reader.

By: pete

pete — Mon, 26 Oct 2009 17:24:13 +0000

corey – your site is consistently good- enjoy reading your posts.

By: Corey Rosenbloom, CMT

Corey Rosenbloom, CMT — Mon, 26 Oct 2009 17:23:16 +0000

Thanks Dan!

I want to give you credit for being right in your calls/comments you've posted here on similar posts. Hats off to you! Always great to hear from you.

It appears to be a good risk/reward trade - which is all we can ask. Trade looked better when price was faltering at $12 (tighter stop) but now that price seems on a pathway to $9.50, there doesn't seem to be any major technical support until we test the lows so unless something over-rides or unexpected happens, the chart hints that $9.50/$9.00 may be tested.

Take care!

By: Dan de Man

Dan de Man — Mon, 26 Oct 2009 17:17:17 +0000

Thanks Corey, I've been eyeing this trade too and I'm going to take a half position today of HND.to and add to it when my ADX breaks through 30. I hope we make it too the bottom.

Cheers,
Dan