The 1×8 Gann angle has served as support for the price of natural gas in 2006 and 2007. Price is approaching that level (near $6) now. This will be the third major retracement hit for this angle. The intersection of the 1×1 descending angle is a good place to watch for a change in character of price action.
Chart courtesy of Stockcharts.com
Tags: Energy · Gann Angle Fan3 Comments
3 responses so far ↓
If any one is out there, some of those stocks that I thought looked good the other day, well if any of you dove in tis time to stab and slab those critters, V, LVS, MGM, well, sorry about the GS, I was asleep when it was to be stabbed at $100, but it is setting up possibly for another upswing, but with Mr. Bernanke coming up I would just exit this BOO Bash!. Hope ya made lots of $$$$ , check out QQQQ we might be ready to break out…. of course all of these are just my personal opinions. What a BOO! of a week, Andy we’ve got to get you a BlackBerry, so you can get some Boo too, LOL!
Andy, I hope you have fun tonight with the family, thanks for everything. Guy’s and any Gal’s out there, I agree with all of you Andy is right on with this Market, Keep up the good work Andy, but like I said earlier we got to get you some BOO===$$$$$, and a bigger herd to follow you, thanks.
Libby - Thanks much for the kind words.