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TFC Commodity Trading Forum

Re: Nat GAs/ What am I missing here?/Lee

No not at all. I just had the impression from comments and news etc that NG could be starting its big fall rally with the hurricane season beginning etc. But looking at Oct NG it's hitting new contract lows and very weak. Also with all the weather channels continuing to talk about major disaster predicted on the east coast I looked at Home Depot and Briggs and Stratton that supply sheeting for windows etc and emergency supplies and equipment and really benefit from a hurricane that hits inland and they were down on the day and have been in a bear trend since early May. Soooooooooo the charts on everything suggest this Hurricane 3 disaster that's on it's way to trash the entire East Coast is b.s. and likely to turn into a 2 or 1 or just a storm. Impressive weather charts for sure that look like certain death but the stocks are saying it's going to fade to nothing but a nasty storm. Just heard New York is planning to evacuate the hospitals etc. The market charts are not confirming these dire predictions.