Replies to post #677 on Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[THREE-DAY-TRADER]

I'm aware of trading both, and that makes sense & really goes without saying... I've been flipping both, and just fine.
I just don't fully rely on technicals & 'charts' as you do especially this phase of season with nat gas, and I have articulated what I think already in recent posts, and in particular I just don't fully agree with your 'injections' or inventory assessment.
Regardless--- Good luck with your charts

[dude iligence]

IamtheWalrus those gaps don't necessarily need to be filled right now. They may not get filled until next spring. There is no shortage of NG and it is the most manipulated trade around. The action I see in the charts is upward with brief retests of support/resistance levels before moving higher. I learned the lesson of buying DGAZ going into winter from fall back in 2012. Here's how it goes. You buy DGAZ when you think NG has hit a top, NG pulls back slightly DGAZ goes up you hold it for a day maybe two then all of a sudden over night NG spikes .20 or more. When the market opens DGAZ is down below what you paid for it and UGAZ is running like a scalded dog. I think HHG learned that lesson last year but I doubt if he will admit it. I am in agreement with him that buying DGAZ at these levels is a bit risky. Maybe when it gets to .50 this winter I'll pick up 500k shares.