Replies to post #7023 on Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[dude iligence]

That would put NG on Dec 50ma and close the DGAZ gap.

Nov moves higher Dec moves lower meeting somewhere in the middle by the end of the week. DGAZ goes up 3x the move of Dec.

Both move, Thursday expiration comes and we have a big knarly gap up on the chart then it bleeds off until NG rallies.

Every scenario DGAZ holders make money unless NG just takes off next week and rallys right thru expiration and NG ends up above $3.35. Not likely to happen.

DGAZ gap $5.15-$5.33 from Friday oct 7 looks like a good starting target would put UGAZ around $41.


It boils down to timing the flip from DGAZ back to UGAZ.