Thursday, March 29, 2012

Another Dip

Another Buying Opportunity.  We aren't going much lower.  We have a new month coming soon and institutional money will pile in on the first trading day of the month like clockwork.  Buy it before it bounces back up.  It will bounce soon.

4 comments:

Anonymous said...

What's the bottom on nat gas dawg?

Market Owl said...

I think nat gas bottoms tomorrow. We are extremely close, and there will be a huge short squeeze probably next week.

Anonymous said...

What is the news on natural gas today.

It almost seems like capitulation.

Market Owl said...

Big storage build inventory report, a bit higher than expected. It looks like today is the beginning of the capitulation. Probably down more tomorrow and then it should be free to squeeze late shorts.