Replies to post #88 on ProShares Ultra Short Oil & Gas ETF (DUG)

[frenchee]

Seven reasons why I like a short-term short now.

1) Stock hasn't broken out yet. It sold off at expected resistance around 5.60.

2) At the short-term cycle high.

3) At pitchfork resistance.

4) Climatic dead-cat bounce volume.

5) Day traders will want to take profits after 26% gain today.

6) Overbought from a money-flow perspective.

7) Longer term trend is down.

Got my short tight at 8% stop loss if I'm wrong...