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

To: Jon Koplik who wrote (7205)	9/29/2005 12:47:57 PM
From: John Pitera	Respond to of 33421

LOL... JON I agree with you. I was surprised to see that Greenspan was as upbeat in his concluding paragraph as he was. This research study is only the second one he has attached his name and stature to since he became Fed Chairman in 1987. on a seperate note, natural gas is just really ripping it up. It's been such a strong robust bull market. I can remember when we had a small investment fund that was long Natural Gas at 3.46 and 3.60... now it's got a 13 handle..heading to 14.... wow. what I love to see is all the spread trading on the Natural gas Strip each day. from the WSJ... --------- Natural-gas futures on the New York Mercantile Exchange for delivery in October soared $1.251 to $13.907 per million BTUs. The expiration of the October contract at the same time that the delivery point for Nymex futures, Louisiana's Henry Hub, has been closed for a week, sowed uncertainty in the market and added to yesterday's volatility. Traders are openly talking about price spikes as high as $20, according to Guy Gleichmann, president of futures broker United Strategic Investors Group. The natural-gas association, which represents producers and marketers, said in its annual winter outlook that Hurricane Katrina-related production losses, an anticipated increase in heating demand, and the potential effect from Hurricane Rita "will result in upward pressure on the natural-gas market, compared with the average for last heating season." The weather "is the largest single factor affecting natural-gas demand and customer bills,"