Replies to post #39 on ProShares UltraShort Oil and Gas (DUG)

[Recognizer]

From ibox:
To get an idea how DUG/DIG Trade.. you need to watch crude[per barrel],charts for the oil/gas index[$DJUSEN] The DOW,including the VIX and XOM, because the proshares fund of DIG/DUG are weighted 27% in XOM and 13% Chevron.
I scaled in DUG last week so I'm just waiting for it to run up.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33859429

[Recognizer]

XOM watching support at 76.58 and resistance on a 10 minute at 77.69.
Oil is making higher highs on a 5 minute but don't see a breakout so i'm holding dug for now.