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A month or so ago, when BNN had a guest talking about natural gas could go down to zero (and he said it happened before), I had a gut feeling that NG was bottoming, and that traders who were short wanted to buy back and those who were bullish wanted to accumulate.
Unlike previous market pull backs, this time the media wants the whole world to know that markets areovervalued. Some even said it was overvalued by 40%.
While there is a possibility that the market can go down to retest the lows from here, but it probably won't. Not when AM news radio stations are broadcasting it.
Indices are still up trending and volatility is down trending on daily chart basis.
For individual investors and traders to play this ambiguous market, you'd better have an edge.
There are many ways to profit and plenty of opportunities. But only trade when you have an edge. |
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