Tuesday, December 22, 2009

Natty Update

From Monday, " More likely the 4 is still developing and a 5 will produce new highs. C= .618 of A at 6.26 .
NG would have to get below 5.52 to write off new highs and confirm a longer term move down is resuming.
BUT if you are a producer levels like 5.93 and further out 6.00 might be worth scaling in at."

The pullback went to 5.53 and the next leg up appears to be underway. Wave 5 = 1 at 6.07. 

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