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$CVX back into 200 DMA area With a couple of hour

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Post# of 474
Posted On: 12/13/2012 1:56:30 PM
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Posted By: coolnapz

$CVX back into 200 DMA area


With a couple of hours left in trading I'm looking at $CVX trying to hang on to the 200 DMA. That was the area where I originially called out the short. This should be an interesting next few days. There was never a close above the highs of the initial pierce and close of the 200 DMA. If it closes back under the 200 DMA I think that the sell off is going to be in play.


I have some other shorts I'm looking at as posted this morning so this is some very interesting tape.



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