I think we may get a good pop out of the refiners as oil pulls back. Just a ST trade.
Bought FTO and TSO.
long refiners. Still long DUG
Started by
ogm
, May 12 2008 09:29 AM
5 replies to this topic
#2
CHAx
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Posted 12 May 2008 - 10:51 AM
Depending on your timeframe you may want to exit dug. I would be floored if we don't make new lows by tomorrow.
#3
zigzag
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Posted 12 May 2008 - 11:13 AM
I think you have a good call in DUG (OGM). I like the action in USO today. It looks exhausted at least st. CL is struggling with extension.
J
#4
ogm
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Posted 12 May 2008 - 11:24 AM
I think you have a good call in DUG (OGM). I like the action in USO today. It looks exhausted at least st. CL is struggling with extension.
J
I think so too. I think oil is about to take a dive.
#5
zigzag
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Posted 12 May 2008 - 11:26 AM
Tweezers on CL weekly and daily
J
good to see you posting again
J
good to see you posting again
I think you have a good call in DUG (OGM). I like the action in USO today. It looks exhausted at least st. CL is struggling with extension.
J
I think so too. I think oil is about to take a dive.
#6
CHAx
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Posted 12 May 2008 - 10:33 PM
I closed my DUG short at the close for a small profit. I still have USO longs and I'm not comfortable.
