Replies to post #15652 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[Sgreg]

I really honestly think nat gas should be about $2.50 but I don't make the market. $2.75 seems to want to hold for nat gas and so I took my profit and sold my DGAZ. It would not shock me for nat gas to recover and go back to $3 but it also would not surprise me to see nat gas go to $2.50. One thing it had to have though was a sizable pullback to cool off the over-heated indicators. It has done that and so what I saw as "easy money" has been fulfilled.