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Thursday, March 01, 2012

UNG - It's A Dog's Life

UNG looked like it was finally forming a base for the past few weeks, but today it broke to new low.  A dog is always a dog!  And for UNG, it's down, down, and down.  Fortunately, as there has never been confirmation of bottom, I have but a token share of it.    Not given up yet.  The 60 minute is showing over sold (nothing new) and positive divergence, so there's a bit of hope left, although ADX is really rather high trending... If positive divergence still exists at 19.25ish, I will probably add some there.

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