Wednesday, January 03, 2007

XLE And Crude Oil Collapse



Last Saturday I posted some comments as to why I was bearish on XLE. You can read the comments here

Today XLE and crude oil got crushed. I'm looking for alot more downside and will stay short for awhile..

1 comment:

qwerty said...

check out the head an shoulders pattern xle made. Just another reinforcement of your view.

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