Tuesday, July 29, 2014

DGAZ Revisited

Natural gas creeped higher than expected. It's safe to say that the convex trendline didn't hold while the concave, which in the end goes vertical, can be drawn in a way that it will hold for almost any scenario. Regardless of this, natural gas has had a though battle between longs and shorts the last days, and I believe a downturn is close. The overall chart pattern still looks toppy. I am about 35% invested so it would be very profitable if it would start coming down from here.

Monday, July 21, 2014

Long time no see

Hello again non existant readers of this blog. Since I discovered practically no one reads this blogs except internet bots my motvation for posts have gone down some. But still my trading continues and it's fun to make posts once in a while. So let's see, above is the inverted UGAZ ETF. It has two types of sloped trendlines, both a convex and a concave and both are telling the same story, a reversal is near. Let's play this! I'm doing it by shorting DGAZ.