hope you didn't buy the close (or the open). TA doesn't work... not here, at least. It amazes me how much control the bears have in this contract. The only way to make $$ is sell EVERY buy signal.
that's a fact. t/a does matter, but not as much as the weather and when contracts are being rolled. made a small profit (quite small)- should have been more, stop kept me from a loss though. still hoping for an entry back in @ some point in the season. thanks for the link above, i was reading another section of the NOAA site.
a bit confused about the price action. if you look @ soon to be Felix, it's clearly becoming better organized and forecasts are now for it to prolly be a TD friday. odd that the price has trended down. finger on the trigger...
I think they have no fear... they're probably thinking even if the storm hits, with so much gas in the ground, how much damage can it do? Same thing w/ Dean... it barely got over 7... These bears look committed until we get a freakin' ice age comin'!
its funny. they are pre-emptively selling off anticipating a gap down on sunday. I'll brave it and hold (been holding a while .. not actively trading it).
yeah, the people who are afraid to be long over the weekend are clearly more skittish than the not-so-afraid to be short crowd. i just made a quick scalp playing the bounce after the latest drop. i want to be long, but i don't have the conviction to carry it over the weekend @ this point.