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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (2361)	6/23/2000 2:16:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

right in theory one might short up near 4.600 with a stop and reverse at say 4.6650 or maybe 4.7150 here is August as it should be come the lead contract next week. charts3.barchart.com in my experience anything with a flat top tends to break out above it and move higher, the only counterbalancing consideration is the prior all time high at 4.600 back in 1996. futures.tradingcharts.com I'd say a long position is in order on a meaningful break of 4.600. one thing about Natural gas it's been so cheap in texas that My parents, who have a big outdoor spa, can run it for hours a number of times a month and the bill is very low. Ridiculously low, it reminds me of when I first came to Texas in 1978 and heard that every used to heat their pools all winter in the early 70's because it was so cheap to do, some of these creature comforts are just too good to last -g- I do believe that if we break this much above 4.60 and it closes there, we'll see a big move higher.