Replies to post #777 on Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[dude iligence]

Walrus which gap from what specific date? Before in post 692 u mentiined only one gap at $3.94. Ng was 3.60s yesterday.

Stockcharts never updated the index you mentioned before so could you simply post a link to the chart showing the mystery gap in the index you are refering to with a detailed explanation referencing the exact numbers of the gap you keep refering to.

This will clear up any confusion between the 3.94 gap and 3.60s price.

[dude iligence]

Walrus your gap you are talking about was filled long before NG bottomed yesterday. What you were saying made no sense so I went back and re read your post. The charts on Yahoo will only load the 1 and 5 day for some reason. The gap you are talking about was from Oct 31 to Nov 3. That gap was closed intraday on Nov 14th. HHG pointed that out to you while we were loading UGAZ below $13. The yahoo charts are sloppy and slow I have requested stockcharts to add that index but unless it is requested by many it won't happen most likely.

IamtheWalrus Thursday, 11/13/14 03:43:18 PM
Re: StockWizard post# 637
Post # of 789
Indice needs to close the gap around 34.50, which should be around 4.30-50 for DGAZ before it retraces again, and UGAZ moves for the next cycle. JMO


The indice went below 34.50 last Monday when DGAZ was $3.6-$3.9 UGAZ $13's.

http://finance.yahoo.com/echarts?s=^SPGSNGP+Basic+Chart#{%22range%22%3A%225d%22%2C%22scale%22%3A%22linear%22}

http://stockcharts.com/h-sc/ui?s=UGAZ&p=D&yr=0&mn=1&dy=0&id=p23540999718

http://stockcharts.com/h-sc/ui?s=DGAZ&p=D&yr=0&mn=1&dy=0&id=p72690014662

You can see from your chart, also yesterday when you posted the gap was closed the index was $31.40's it is still only $32.50's well below the 34.5 number above.

What you expected was as follows

IamtheWalrus Thursday, 11/13/14 04:28:24 PM
Re: IamtheWalrus post# 640
Post # of 789
I expect this to happen tomorrow, unless it retraces some, and following up sometime next Monday or Tuesday. Massive selling today creating that long red candle for the indice gave me the indication we will see more selling tomorrow and higher moves on DGAZ. There will be profit taking tomorrow, just how much is the question. Will folks hold till next week? I may if we see red tomorrow on Nat Gas.

What happened is NG closed that Oct 31 Nov 3 gap and reversed the very next day on Nov 14 and ran upward instead of going lower. We loaded for that run at $12's then sold $17-$18 buying DGAZ at $2.5 selling it early and you waited for a gap closer on crappy charts missing the last NG run.

Well the definitive gap closer came on Monday this week and NG just blew right thru the 34.5 gap you talk about on the way down. It actually created an new huge gap down from $13 to $11 on UGAZ.

IamtheWalrus Tuesday, 11/18/14 02:34:50 PM
Re: HHHG post# 693
Post # of 789
I will enter UGAZ after the gap is filled, if it does not fill which is always a possibility, I will pick some up when the index breaks resistance again.

why didn't you stick to your plan and buy UGAZ at $11 when the gap closed on Monday?

The reversal today is not because or in relation to the gap that closed on Monday. How could it be its still 32.5 below your gap level 34.5 the price of NG will need to get back to.

The problem is we are on different sheets of music so its hard to back each other up.

I suggest everyone take the following


http://stockcharts.com/symsearch/index.html?^SPGSNGP

Request the symbol check index and add for UGAZ/DGAZ under description. If enough people request it repeatedly they will add it.