Replies to post #442 on Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[Rock_nj]

http://powerburn.blogspot.ca/ is now predicting a 97 Bcf withdrawal for last week. Someone posted a 110 Bcf consensus draw for last week. If it comes in below 100 Bcf, there could be a nice swoosh to the downside in nat gas following that report. Longs may through in the towel after the realization the huge draws that caused the price spikes this winter are done. This week's draw will be big, but not likely another 200 Bcf. After that, it's downhill until injections start.

[The cook]

Nice find. That's what I was thinking. This run's not over. I think there might be a pause with the low draw expected, but next week we move north a bit. Depending on the draw this week will determine when it picks up steam again. But either way, i think it picks up steam next week with a bigger draw coming and storage at this level. I've been saying this for a couple weeks now...That expiration explains the monster dump too.