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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (2443)	4/14/2010 12:03:53 PM
From: Grandk	Read Replies (1) \| Respond to of 222249

About a month ago, stag had a sentiment reading of 98% bear/2% bull in NG. UNG still dropped down another 15% or so. Regardless, I think you are right. UNG is bottoming. Personally, I was hoping to see it in the 6.60 range but it looks like it might be ready to break out today.

To: GROUND ZERO™ who wrote (2443)	4/14/2010 12:08:09 PM
From: giddy guru	Read Replies (2) \| Respond to of 222249

Nat gas may be bottoming. But UNG, the ETF has its own problems. Like USO , this can't back up the price with physical inventory. But GLD does that and so its very highly correlated to gold price. UNG primarily depend on future contracts and currently it is not helping that much. Remember USO when IPOed the same price as crude. See where both of them today. So these ETFs are short term trading vehicle only. Don't stay too long /gg