Tuesday, August 4, 2009

Nat Gas E Wave Update


Is NG heading down again? One possible count is that the spike yest morn completed an ABC up from 3.22 (spot mo.), and the 1st wave down occurred immediately from 4.165 to 3.80. Since then we've had a choppy abc up to this mornings high. If that is the case it needs to prove itself by taking out 3.91, the .76 retrace of the little c leg up this morning, better yet overlap 3.87

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