It Is What It Is………..

No, I’m not nat gas hater and no, I don’t prefer crude or solar or burning corncobs as a heating source.  I’m merely playing the charts in front of me and removing the emotion by pointing out that CHK continued its selloff today and nat gas has finally broken its support, diving off the cliff into the abyss called the *gap*.  It could be due to overwhelming supply.  I really don’t know and I care not to ponder because as traders, we’ll never truly know or maybe we’ll find out in six months but ultimately, it gets us absolutely no where right now but wastes our time and energy.  It’s best to simply trade what’s in front of you, move your stops and cash in as you go.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s