Separately, and in direct contrast to my bearish commodity stance is Natty, looking for all the world to be presenting one of the best looking bottoms I have seen in a long time. It's got a MACD bullish divergence to the previous strong downtrend and a beautiful looking bend upward, on volume. Even better, the trend has recently triggered up by AROON even as UNG came down for 5 days in a row.Only caveat? Symmetrical triangles are usually 'continuation' patterns. So, is this a consolidation before new, unthinkable lows? I put the odds at 65% bullish, 35% bearish. This may be worth a look for a blogger who is having thoughts of having to consider whether he began micromanaging the end of Hope '09 a bit too soon (NFTRH's 'best case' upsides have not been registered in SPX, oil, etc. after all). Edit (10:29) Well, UNG declines this morning and I say what the heck, put some money where your chart is. UNG added in all accounts for a trade at the least. This after checking the chart of the actual commodity, which does not show a sym-tri.
