ShareThisAnd the countdown begins. Sources tell me that Don is coming home! He was nice enough to check in yesterday. He kind of surprised me and scared me at the same time! All of a sudden I get this email stating Several technical indicators for U.S. equity indices and sectors either have recorded short term sell signals or are about to record short term sell signals. Man, I was still looking for something to buy. Hopefully with the return of the daily reports I can be more on the ball with my picks.
So, here’s the date…mark your calendars…go to bed early…August 21st – Tech Talk will resume it’s regular service. The D V-Lo will be in the house. I think that’s probably enough excitement for today, so on with the past publication.
Today’s Posts:
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Discussions from the Tech Talk Forum:
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August 13th, 2009 at 5:05 am
Don contacted you in red-font? That cannot be good. Sell, sell, sell!!!
August 13th, 2009 at 12:24 pm
NAT GAS . . . picked up the HNU at $3.78. Looking for a snap back rally of 5 to 10 percent over the next several days. UNG has managed to hold on today. It seems to snap back after several down days and the slow and fast stochastics are near oversold territory. Anybody care to comment . ..
August 13th, 2009 at 2:30 pm
Nick
Picked some GAS.TO to run the seasonal Aug-Dec play. Bit of a hit this week but there are some interesting takes on gas for the next 6-9 months. Take a look at:
http://www.wealthdaily.com/articles/natural-gas-price-forecast/1918
Greg
August 13th, 2009 at 7:43 pm
Greg..
Thanks for the link to the gas article. I have been watching GAS and the futures too. The charts have not been pretty and today’s break down in both charts below supports makes me want to wait. I’d like to see GAS rally up from a low, retrace hopefully not much more than 50-60 % of the rally then go on to break out. The AGU Chart shows the pattern… a low of 41 rising to 46.86 then retrace to 43.25( about 61.5% of the rally which is very close to a Fib retracement) then a nice breakout which is still going. I discussed AGU in the JULY 10 Tech talk comment #5. So we’ll see how GAS goes!!! The fundamentals are starting to line up according to this wealthdaily article so should be seen in the charts too.
John
August 13th, 2009 at 10:24 pm
People investing in GAS and HNU should understand the effects of contango how it affects the rollover of contracts each month.
August 14th, 2009 at 5:20 am
Nick:
Elliott wave analysis suggests we should get one more small rally (wave 4) then down to new lows – at least $3.22 ($NATGAS) or less – then the BIG rally.