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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Steve Huskey who wrote (9012)	11/25/1998 9:50:00 PM
From: nicewatch	Respond to of 44573

Steve, I do not actively follow the natural gas market, and do not have access to cash data and charts... if you know of any sites, let me know. I posted an updated NG futures chart at my site, FWIW. geocities.com One thing I can share with you is my two cents on crude... which traces NG closely enough, imo, to be relevant. Looking at digisys.net I see a five wave decline starting from 12/96. Wave 3 on that chart ended at the June lows... Wave 4 at the early October highs. We are currently in wave 5, and I have labeled the crude chart at my site to reflect the current count as I see it. Take a look and let me know what you think. As it stands now on the DAILY chart, I think we are due for a wave 4 up correction soon. This crude bear market could end as early as the end of December... but considering the seasonals, I don't expect much until late January or sometime February. There is a seasonal up period from late February through April-May. FYI, crude is trading around 10 year lows now. Like many other commodities, crude should experience some type of bull move once this bear market terminates.... bwdik. Talk to you later Regards, Frank