Chart Update

Posted on June 9, 2011 by alphahorn

Per last night’s post, here’s the update

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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2 Responses to Chart Update

  1. layor says:
    June 9, 2011 at 10:48 am

    Thanks for the new stop on UNG this am. Never gave it a thought but did come away with a few bucks. Exactly what is the chart saying inplain English?

    Reply
    • alphahorn says:
      June 9, 2011 at 3:59 pm

      it’s a false breakout, the inventories were way high, I believe Exxon will continue to inflate inventories until they’ve purchased all the gas rights they can

      Reply

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