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

To: Real Man who wrote (88851)	7/16/2009 11:00:27 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

Right, got it.... I'm looking at that market as a much longer term trade... the longer term chart I showed you tells me that NG is beginning to form a base right here and that these lows may well hold... it looks like any other nice basing pattern, nothing special, but the down trend has been stopped more than two months ago and UNG has gone as high as 17 before pulling back to test these lows... I'm willing to hold and see where it's at come December... my guess is that both the commodity itself and the companies that handle NG will be higher than where they are today, probably along with the rest of the market... as Warren Buffet once said, "Be fearful when others are greedy, and be greedy when others are fearful." I cannot think of anything wiser said when it comes to trading these markets...<g> GZ