Glimmers of hope? Abandon hope. Embrace analysis…

Posted on Jul 02, 2012 by in Letters

http://stockcharts.com/h-sc/ui?s=UNG&p=D&yr=1&mn=0&dy=0&id=p31544361560&a=270918293

Sometimes the Russell peeps up as a harbinger of spring -- or maybe summer at this point.  At any rate there is a signal there.

The PnF chart is not optimistic, but PnF charts are about as sensitive as an elephant's hide.  We think it's worth the first unit of a five unit trade.

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