Replies to post #67 on Direxion Daily Energy Bear 2X Shares (ERY)

[surf1944]

I have seen OIL break too many times, it will break again. The risk is low on ERY, & I believe most all of the upside play in OIL is done. The risk for a short term up spike in OIL is always there with Middle East issues, but at current prices I would just add to ERY. This play for me is looking out for months, or until ERY hits 20-25:

http://stockcharts.com/h-sc/ui?s=ery&p=D&yr=0&mn=6&dy=0&id=p90029751166

http://stockcharts.com/h-sc/ui?s=erx&p=D&yr=0&mn=6&dy=0&id=p90029751166

http://stockcharts.com/h-sc/ui?s=oil&p=D&yr=0&mn=6&dy=0&id=p90029751166