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

To: tradingfaster123 who wrote (121131)	5/28/2009 9:51:23 PM
From: Sweet Ol	1 Recommendation Respond to of 206338

Ed and TF, I have been looking at NG from an Elliott Wave standpoint and I am ambivalent. What seems to me to be the most likely scenario is for NG to go on up to about 6.00 before a healthy correction. However, a valid alternative scenario is for it to turn down soon and head for 2.50-2.75. The key to watch is whether or not the recent 3.55 low holds. If it is breached, look out below! So, my goat entrails are just as confused as your fundamentals. As Jim_P is want to say, "Weshallsee!" Best to all, JRH

To: tradingfaster123 who wrote (121131)	6/2/2009 8:15:03 AM
From: Ed Ajootian	2 Recommendations Read Replies (1) \| Respond to of 206338

tradingfaster, belated thanks for your thoughts, and belated congrats to your bullish call on natty. Could you provide a link to the table you use to look at historical storage? As you point out I use American Oilman, more out of habit than anything else. I remember going through the EIA tables & data awhile back and they appeared to be too cluttered up to be of much use. Regarding your bullish call for winter prices, the big question in my mind is, how much shut in gas is out there, which surely would come back online well before prices got over $6. I've totally missed the boat on this natty rally, and I have decided to sit it out, at least for now. I understand your points but it still seems that a lot will have to go right for this to play out in a manner that results in a higher natty price this summer than it is presently.