Replies to post #14125 on Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[surehands]

Selling rallies

I believe that it’s only a matter of time before rallies get sold off, and I think that we will target the $2.75 level underneath, and then eventually the $2.50 level after that. The market breaking down to that level would be a head and shoulders being broken to the downside, and could send this market much, much lower. This would be catastrophic for the market, and I believe that sellers will jump into this market hand over fist based upon that level. Anytime we rally, I suspect that people will be looking at that as an opportunity to jump back into this market, and therefore it’s likely that the market will find that the sellers are very much in control as the natural gas quantities coming out of the United States continues to go even higher, and more than likely will continue to be an anchor around the neck of the market.

[tmorr55]

shorting it...in DGAZ at 24.40. I just hope short covering doesn't give NG too much of an added boost. Sure didn't see this coming today