HUI Daily

To me, the case is pretty cut and dry as far as Huey is concerned; BUY THE WASHOUTS ONLY until resistance around 420 is taken out and held. But bag holders like myself can afford to have that attitude because of the core holds that were ridden down to these levels. At the noted green arrow wash out points on the most recent leg down (which may have been a final 'C' leg but again, hard core resistance just above will have a say in this matter) I picked up some AUY and JAG. Other than that I am sitting on hands and letting the market tell me what is next, keeping in mind the targets of 370, 350 & 325 which remain open unless 420 is put in the rear view mirror.