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Chris,
AGET is not much help on the weekly.
Attached is the weekly continuous chart in "long term count (also the units
are different and the wave 4 depth?).
As with all parobolics, the high will be a wave 3, and a wave 5 higher is
unlikely to occur, as evidenced by the low PTI of 5 (long term count being
used and 10/70 oscillator). It is saying best case for the wave 5 is a
double top or a failed 5th meaning it never goes up in a wave 5. Bottom line
as far as the "AGET weekly", no trade is indicated off a weekly. It does not
mean it cannot rally, just no stardard "setup". The daily may reveal more,
as far as a potential rally, I will post that next.
don ewers
----- Original Message -----
From: "Chris Cheatham" <chrischeatham@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, July 02, 2001 9:41 AM
Subject: [RT] Natural Gas
> Anyone watching Nat Gas? attached is a weekly chart
> of the futuresource 18 month strip. Looks to me like
> a big reversal is due either here (Andrews line + 50%
> retrace and previous 4th wave) or perhaps 3000 on the
> strip which is a stronger Andrews line and 618
> retrace. I'd be curious what Aget thinks of the strip
> chart -- if anyone is interested I can send an ascii
> of the data.
>
> Regards,
> Chris
>
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Attachment:
Description: "NG01QweeklyContinuous.gif"
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