Thursday, June 26, 2008

UNG - Throwback in process.

A throwback is occuring. Use this as an opportunity to scoop up cheap stock. Green box is accumulation area.

THROWBACK - A price move back toward the entry level of a security that has broken beyond the barrier of a price pattern or trendline. The retreat toward the level of the breakout is not uncommon and is used by many traders to confirm the validity of the new momentum.

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