Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (103071)	6/17/2008 2:21:39 PM
From: schzammm	Read Replies (1) \| Respond to of 206110

Try UNG

To: jrhana who wrote (103071)	6/17/2008 2:31:18 PM
From: chowder	Read Replies (1) \| Respond to of 206110

Re: $XNG ... I prefer to use UNG to gauge the sector because it shows volume. Price is meaningless to me unless I can see the selling and buying patterns too. UNG does this for me. In looking at the weekly chart for UNG, it is in a confirmed uptrend. You have a rising 20 week moving average above a rising 40 week moving average with a comfortable distance between the two. This is an uptrend! Price is currently in a Stage 2 uptrend. This is where you get the explosive price movement. The 4 stages of price movement are listed here: Message 23396642 The daily chart also shows an uptrend. You have a rising 20 day moving average above a rising 50 day moving average with a comfortable distance between the two. Another classic uptrend. You stay with the trade. You don't buy a new position as price has moved too far without a price consolidation. Buying volume outweighs selling volume at this time. So, all this means to me is hold on and enjoy the ride. There isn't any overhead supply waiting to come to market. Nearly everyone who owns UNG is holding a winning position. No need to sell. Something will have to change fundamentally to start the selling.