$LNG may have put in a top today I may have been
Post# of 474
Posted On: 12/07/2012 5:08:56 PM
$LNG may have put in a top today
I may have been a day early on my short. The $LNG did not have a full reversal day of yesterday's move but this was a pretty violent move off of the open. I will have to watch intraday pattern to see if I will enter the short now. I will be looking for either a bear flag on the hourly or a full reversal of yesterday's move if I decide to take this short down here as opposed to waiting for the higher resistance level.
If I'm right it should hit the 20/50 DMA cross, bounce for a slight retrace, and sell back down.
[IMG]http://i.imgur.com/1SnRy.png[/IMG]
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