LNG Update

Here's the last update on LNG which triggered on 12/30/2010 @ $5.89. In that update I said our target derived from the measured move of the triangle it broke out of was around $7.50, it hit $7.29 intraday today for nearly a 24% gain. LNG is slightly underperforming it' sub-industry components as of today.

Here's where we saw the bulk of the accumulation right before the breakout.

Here's the 1 min chart, it looks like there could be some further intraday gains. I would have some profits locked in or begin that process-especially as we near the $7.50 level-remember, that's an estimated target, not written in stone.

If you're in the trade, email for further 1 min updates.