Friday, August 31, 2012

UNG Update

I'm not saying UNG will keep this up without a consolidation or correction (I hope it doe consolidate/correct, as long as it's a healthy move, these are essential to a strong trend in not getting overbought), but thus far there's very good confirmation and this in an interesting study in what a healthy move looks like compared to many other charts we have seen.

I'm sure you'll spot the difference immediately.

 UNG 10 min price trend

 UNG 1 min chart, white for accumulation, green for confirmation.

 2 min-also leading positive


 5 min

15 min also leading positive.

Notice the difference?

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