Ewj: elliott wave

Quote from TRAS:

How low can it go before a bounce, it has been a super run down on gas for months
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Goldman's favorite Coal name is Arch (ACI), but in todays' research report they actually favore the NAT-GAS sector over Coal because of the dramatic decline in natural gas drilling activity.

They feel that Nat-Gas has much more room to pop on the upside, and will grab some of the electrical utility demand away from coal due to how cheap it is.

The Supply/Demand equation favors NG, in their opinion. More on this later.
 
Quote from Mup:

Might be of base with the delta but it hints at this type of pattern....
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Nice call Mup!
Got the initial run up, and now a retracement.
40 minutes left in the session~!

Are there any shorts left to squeeeeeze?
:)
 
.618 would certainly get us up to your 848/849 target . . . But it might not happen today. Looks like they are trying to break it lower again, testing the low at 2:48PM Eastern.
 
Time wise , early next week if its in that pattern...

Looks like their trying to shake "n" bake retail during the 3.45 daytrading margin close outs before moving back up ?
 
Lower volumes all the way around today.
Lots of push, push, chop, chop, flush, flush kind of moves today. --- G20 Summit next week and possible mark-to-market policy on April 2nd.

3-4 handle ES squeeze on the close.

Mup, don't forget your Weekend homework assignment, daily counts on:

VLO, BTU, ACI, and APA.

:D
 
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