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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: axial who wrote (88138)6/20/2009 9:33:04 AM
From: Gary105  Respond to of 94695
 
Trig, thanks for informative reply. I sense the drillers to be a leading indicator on oil price - their recovery peaked a couple of weeks ago and they are now heading down. If they are a leading indicator then look for big correction in oil price at least short term.
Natural gas may be more interesting. The daily traded dollar volume of UNG matches or exceeds the dollar volume of natural gas consumed in this country, at least according to my calculations. The tail is now wagging the dog.
BWDIK