Looks like the Nat Gas index is about to roll over and take coal stocks to a new low. ACI has reached the top of the trading channel and will head south to $4, at which time I intend to load up on it. See you at $4!
You know, nearly every article I read about coal is negative. The export market potential is enormous but new export terminals and train line expansion projects keep getting shut down by environmentalist. I don't know where they think jobs will come from if they keep killing one industry after another. Anyway, I'll stick to looking at the charts for now and they are telling me we have reached a short term top.