Friday, May 24, 2013

XOM

We also entered/added to XOM short a few days ago at the top, I think it too will bounce, I'd like to add more if I have room on any strength, once again this is a position I'd feel comfortable as a new position adding maybe 1/3 of the intended size as it is a strong bounce candidate, on price strength, 3C weakness I'd add the rest of the position. Longer term charts suggest XOM has significant downside.

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