folks, for those of you have been following me for a while you know that sometimes you eat the bar and sometimes the bar eats you. (man I love that movie … the Big Labowski)
anyway, the “bar has eaten me” on Natural Gas. I played w/ a foldback pattern that REALLY looked nice and it basically failed below the levels – BUT the PATTERN still appears to be working …perhaps?
either way, I think we have a big low in place on Natural Gas and I haven’t looked at it for a WHILE after it kicked my butt. looking at it today – I see another potential foldback potential.
man, I wish I had more data on Natural Gas prices …
here’s the “other” foldback that kicked my ass …the form and symmetry sure look nice, don’t they? If right, natgas is about to rip higher ..
here’s a look at $UNG
