Monday, May 2, 2011

HUI Cup & Handle? Nah, it can't be

It can't be something so bullish because I am supposed to be scared right now, and not some lunatic with a 718 upside target (to go with the existing 675).  Indeed, email updates to subscribers today reveal a more sober Biiwii with some parameters that, if broken, increase the caution level.

I just noticed the Cup & Handle because I have been managing a Symmetrical Triangle and its bullish ultimate target for weeks now.

Separately, MACD is still zero plus and the over bought situation (which NFTRH noted weeks ago) has been bled off.  I do not make the charts do what they do, I just interpret them.  This is but one interpretation; a potential Cup & Handle.

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