Can Start Buying Natty Now

[Bear Plunger]

Quote from Surdo:

I am just waiting to bust through $6.034!
Looks like it might in a few minutes.

Then we are going Southhhhhhhh.
Never a good sign when we gap down in overnight trading, as we did last night.

I am flat and will take a swing on the next washout.

el surdo

We did it - incredible. Close below would be even better. I agree south we go.

 

[scriabinop23]

Quote from Bear Plunger:

Good call on getting out before close. The gap down you talked about happened this morning - it was pretty huge. Today has been a wonderful sell off - I started shorting right from the open. It would be nice if we close below 6.034

this trade has been taking me down. I wanted my v-bottom already with a 60c daily range.

 

[Realist]

Took 1 NGQ7 @ 6.025... Don't normally play energy but $6 NG could present some type of long term support level here. We shall see....

 

[Bear Plunger]

Quote from scriabinop23:

this trade has been taking me down. I wanted my v-bottom already with a 60c daily range.

Scria I thought you cut losses last night? Man this is really bearish - tommorow may even get some heavy duty selling again - maybe even a small gap down.

At this point I feel it's exhausted and I can't find a short entry - it's 6.012 now and it's going lower.

 

[Surdo]

They are going lower, be careful.
This is NOT support.

Take a look at the weather forcast for the northeast.

http://www.cpc.ncep.noaa.gov/products/predictions/30day/

 

[Bear Plunger]

Quote from Surdo:

They are going lower, be careful.
This is NOT support.

Forget it - i'm shorting more. Watch below 6.000 - next leg down?

 

[scriabinop23]

Quote from Bear Plunger:

Scria I thought you cut losses last night? Man this is really bearish - tommorow may even get some heavy duty selling again - maybe even a small gap down.

At this point I feel it's exhausted and I can't find a short entry - it's 6.012 now and it's going lower.

i cut my position in half on friday. re entered around these levels... but will cut that re-entry if i don't get a decent close.

there has to be support here.. oil is $74. whoever is having his way with the market should hopefully be done soon.

i can't imagine producers having any incentive to sell here. so i'd imagine its definitely the speculative side.

 

[Surdo]

Quote from Bear Plunger:

Forget it - i'm shorting more. Watch below 6.000 - next leg down?

Short 'em at the lows of the day!
You realize we are down 6.66%.
:eek:

 

[scriabinop23]

Quote from Surdo:

Short 'em at the lows of the day!
You realize we are down 6.66%.
:eek:

i'm thinking too this was the 'next leg'....

the '5th wave' so to speak (not that i buy that elliot wave crap).

 

[Surdo]

Quote from scriabinop23:

i'm thinking too this was the 'next leg'....

the '5th wave' so to speak (not that i buy that elliot wave crap).

I think a dog lifted his leg on NG.