XLE: Is It Totally Insane to SHORT it?

i think what tradingjournals meant was that some day shortie will kick asss at trading.

i must agree with him on that.

 

Hey Shortie, I like you man. I like your enthusiasm. But do me a favor, tell TJ how old you are. Don't worry, he'll make good on his promise to give you money.

 

i am not young that's for sure but this maybe subjective. won't reveal my age on a message board.

 

Shortie: I just noticed that XLE entered the lower side of the band predicted by the models about two weeks ago (as per your XLE question you posted two weeks ago on the other thread).

The number was 80, and the band was 79.05-80.23.

 

yes, nice selloff today from 79, -1.3%. we shall see how it goes...

i started this thread in your numbers in mind

 

-2% since open

 

Are you short?

 

Still got plenty of time if you are not. First downside target is 72.85, and you have 14 days to get there.

 

i have a small short position, but my entry is not today's high. i am worried about oil going higher every day.

 

today XLE chose to follow the general market -2%, while USO +4% (with AH)