Velocityshares 3X Long Natural Gas ETN (UGAZ)

[Swing Party]

Ok, instead of a pump up let's call it a price anomaly that can be capitalized. Today's pre market is a good example opened 5.95. That's 2.5% above yesterday's close. As of this writing it is 5.79. A 2.5% drop from today's premarket high. I'm thinking of a quantifiable strategy, long or short, to make money on the difference between the premarket high and the previous close or the market open. I think a shorting strategy might be better. I've noticed this pattern a lot and I don't think it's random.

Now it's 5.70