Friday, May 24, 2013

Taking Half of UNG current Position Off the Table

It is because of these two charts. Even though I look at UNG as a long term play, with these divergences, I'd rather not take the chance and have some extra dry powder right now.

I still like UNG, but will be looking for a lower price to add back shares.

 UNG 10 min, you can see what bothers me...

As for timing, UNG 3 min, obviously what bothers me is clearly visible.

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