A Natural Gas Idea

NYMEX:NG1!   Natural Gas Futures
I still don't think that NG bottoms until the end of December. Just basing it off the cycles analysis idea I have going...but NG is tricky. This is what I think may be going on right now on a short term cycle. If this count is correct, then the wave 1 is longer than the wave 3 which of course would mean that wave 5 must be smaller than 3. Soooo, I extended the fib measurement of wave 3 down (assuming we ended this little up move, and what do you know, it fits. Lets see. I do not have a position yet but if NG drops to that blue box then a nice short term long position will suffice.
Comment: I thought that I would use the DGAZ chart to help show what I think is going to happen over the next few weeks with Nat Gas. Can you see what appears to be a very nice 4th wave in progress right now for DGAZ. So that tells me to expect more upside in NG until DGAZ gets down to about the $127 mark. Then I expect NG to drop for another couple months and fill a very large gap down near the 1.9 area. After that...expect one hell of a ride in UGAZ.
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