If XOP can finish its head and shoulders top, it could mean an even more powerful push lower for oil production companies.

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If XOP can finish its head and shoulders top, it could mean an even more powerful push lower for oil production companies.



Energy, being wise to the fact that the worldwide economy is going to get destroyed next year, is leading the way lower. Here’s a particular favorite:

Last week, I did a post called Energy Bear which suggested going bearish against the oil and gas sector fund, XOP. I have good news and bad news. The good news is that, as your world-class chartist, I was completely right, and XOP has been punched in the face every single day since my post.
