Replies to post #14618 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[dude iligence]

JT most likely sometime in April is the bottom. Ask yourself why would NG rally with mild wx warmer temps coming less heating-no heat required. draws will turn into builds on Thurdays reports. Sometime in April it might get warm enough to turn on the AC once or twice. When that happens traders light bulbs start to go on. Hmmm summers gonna be here soon and it could be a scorcher better go long NG. As stupid as it seems that is how it works. In Dec we had a 3 week rally and last April into May we had a 3 week rally. When the time comes to buy UGAZ treat it like a falling knife. Use stop limits cause the bottom might be lower than you think. Averaging this bleeding POS down has never been a good plan. Get stopped out, re enter lower try again. Im not touching UGAZ at the moment NG is in no mans lands



NG ow today is $1.66 next level from 1998-99 double bottom to watch is $!.62-$1.63