Wednesday, July 29, 2009

NG


NG ...not exactly screaming up... or down for that matter. If it's just another abc down then potentially we get 3.31 as c=a. But after the recent 3.22 to 3.90 move and preceding 3.155 to 4.58, putting in new lows is long overdue.

However, if NG were to get another abc up equal to the first series for .68, that risk probably exceeds several downside targets, ie. 3.04 . No wonder it's a grind.

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