Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[dude iligence]

Value1008 when NG/UGAZ bottomed I posted a big clue The sound of capitulation taken from your post. In bold below. I guess you didn't take the hint cause you said later you were on the sidelines. At any rate you bailed at the bottom and R59 shorted at the bottom. At least your not losing money. NG is above $3 and money is going out of short position and into long position on NG. Look for a move away and above $3 maybe similar to the move up off the 50ma then all of a sudden the NG 200ma will look very attainable. Momentum could push above the 200ma into the Dec gap about $3.5. The biggest rallies in NG have been fueled by Speculation, Momentum, and fear of missing out not the EIA report or wx forecasts. So fare all the analysts have been way behind the power curve on NG move off the bottom and some are still focused on $2.25.





value1008 Member Level Monday, 04/27/15 10:22:03 AM
Re: researcher59 post# 1655
Post # of 1919
And more volatility! Now ngas is descending again like it should have done after each of the last two bearish EIA reports. But the HFT algorithms faked the hell out of everyone it seems except the "savviest" algorithms themselves. It's still a crapshoot as to whether ngas rebounds from here or falls further setting new (nearly) 3-year lows. The daily chart suggests it will fall further but the bulls (at least the bullish HFTers) have been remarkably resilient.

Anyone still here holding DGAZ? I confess to being utterly faked out by the algos... I had originally thought DGAZ would go to mid-$9s or $10s and couldn't understand who/what was propping up ngas price with the oversupply on fundamentals. I even played UGAZ for a day. Finally had to go to the sidelines.

Now ngas price is acting a bit more "rationally." wink
But who knows for how long???