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Friday, September 4, 2009

UNG


Thought I'd take a crack at charting UNG since it is getting a lot of attention lately. I have it breaking out of a triangle, backtesting the triangle and impulsing lower.

The chart is completely broken. There isn't much indications of life just yet and I had all the indicators up there but took them down for now to make the chart more readable. Its still a bit of a falling knife.

It will have to bottom somewhere though unless its going to $0. Good Luck.
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