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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: David Zgodzinski who wrote (16103)7/1/2004 4:13:56 PM
From: Knighty Tin  Respond to of 110194
 
David, It's raining every day now for about two weeks. Not always a lot, but never a totally dry day. Which keeps temps down.

Our energy mgd. futures guys (who have a wonderful long term record) say that NG is way over priced. They have been saying that for the last $2 up in price, though. <g> So, the long term record of these guys says to believe them while the intermediate record says "danger, danger, Will Robinson."

I think we have to break NG prices for Bush to be reelected, so they're doomed. When to put on trades is a tougher project.



To: David Zgodzinski who wrote (16103)7/2/2004 9:40:28 AM
From: jimsioi  Respond to of 110194
 
David, well made points on Natural Gas.

Think you pretty well make the case Gas is a little over priced here unless there is some very hot weather that gets storage draws coming along ... Chart in fact is looking a bit toppy, especially below $6.07.

futures.tradingcharts.com