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BL,
My little trading tip in regard to natural gas is that lightening seldoms
strikes twice in the same place. NG in the past year had a once in a decade
or perhaps once in a lifetime move. Look at other historical blow off market
moves and you will see that in the following years it usually becomes
increasingly difficult to trade these markets for many years. There is a
saying that Generals and traders tend to fight the last battle long after it
is over. Look for opportunity where everyone is convinced that there is no
opportunity such as severly derpressed markets that are long forgotten.
Silver looks interesting now for both the short term and long term. Cotton
and Coffee, which are near their 25 year lows, may be ripe for a good short
term move in about
two-three weeks.
Cheers,
Norman
----- Original Message -----
From: "BL" <blee7@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, August 18, 2001 6:39 PM
Subject: [RT] Natural Gas Resistance
> Here is a current look at Natural Gas futures (closing, reverse adjusted
> prices). Price is just under its non-linear resistance. The entire shape
> of the non-optimized, non-linear resistance curve (past, present and
future)
> is entirely defined by the price and time at the chart's price peak and
> price and time at the curve's second point of coincidence with price. -
> Brian
>
> Disclaimer: This is not trading advice. It is merely an observation of
one
> indicator applied to one market, which can be entirely wrong. Do not make
> trading decisions based on the information provided. Trading futures
> involves extreme financial risk which is not limited to the monies one
> pledges as margin capital..
>
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