Dion points out that the tail of UNG is about to start wagging the actual natural gas futures, which as we know is incredibly easy to manipulate -- ever hear of Amaranth Advisors? It looks like breakout time despite there being no particular reason for a breakout other than the 18 to 1 ratio that now exists between oil and natural gas -- the largest ever -- and the plethora of recent articles bashing coal.

But there are plenty of natural gas plays that are ready to explode if this is the case. I am buying Devon (DVN) for Action Alerts PLUS because Devon has a ton of natural gas coming on stream from the Gulf and has a huge Barnett Shale play, among the biggest, with very low costs so it can make money here

Chesapeake (CPK) and Southwestern (SWN) are the other two I would buy as they too have the most exposure. The hoopla over Aubrey McClendon's pay package has died down and Southwestern was moving up nicely until oil tripped up at $72. All three could ramp here as this Dion trade takes place.

Chesapeake (CPK) and Southwestern (SWN) are the other two I would buy as they too have the most exposure. The hoopla over Aubrey McClendon's pay package has died down and Southwestern was moving up nicely until oil tripped up at $72. All three could ramp here as this Dion trade takes place.