http://stockcharts.c...&i=0&r=6872.png
hats off to denleo and wavetimer who were long oil. As a sidelite other new shorts are MA,V, and the steels...all giving nice looking sells.
Edited by tommyt, 09 May 2008 - 02:05 PM.
mkt,oil,a flyer
Started by
tommyt
, May 09 2008 02:02 PM
3 replies to this topic
#1
tommyt
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- Traders-Talk User
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Member
Posted 09 May 2008 - 02:02 PM
same position on the stk mkt...short. I have now initiated a 1/2 position in DUG (short oil), final blowoff still possible. And for those looking for a flyer (i am longaround here):
http://stockcharts.c...&i=0&r=6872.png
hats off to denleo and wavetimer who were long oil. As a sidelite other new shorts are MA,V, and the steels...all giving nice looking sells.
http://stockcharts.c...&i=0&r=6872.png
hats off to denleo and wavetimer who were long oil. As a sidelite other new shorts are MA,V, and the steels...all giving nice looking sells.
#2
hiker
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- TT Member*
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- 12,118 posts
independent trader
Posted 09 May 2008 - 02:32 PM
DUG is NOT short oil
DUG is 2X inverse of $DJUSEN which has many components
for those interested in some older charts showing TA for DUG and DJUSEN -
http://forums.techni...post?id=2636651
DUG is 2X inverse of $DJUSEN which has many components
for those interested in some older charts showing TA for DUG and DJUSEN -
http://forums.techni...post?id=2636651
#3
tommyt
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- Traders-Talk User
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Member
Posted 09 May 2008 - 02:35 PM
hiker..you are right..its what I'm using for the short oil play.
#4
Cirrus
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- TT Patron+
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Member
Posted 09 May 2008 - 02:48 PM
I've been bearish on refineries and wished I would have stayed short VLO and TSO. I was short for a grand total of a week or so. These refiners are going to do poorly overall for a while IMO.
