Thursday, September 07, 2006

HUI Chart & Commentary


(click to enlarge)

Comments: A retrace back to the breakout point often provides a great opportunity for an entry/reentry. Today we are seeing just that, and while there is no guarantee that the HUI will not fall back below its breakout, generally speaking, I consider this to be a pretty decent probability time to go long. That's what I did, loading up with the cash that I had as well as reloading on the calls. Good luck to everyone.

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