"Also attached is the weekly chart of HUI we have used to gauge downside and potential bottoming areas. Yesterday's reversal was expected and normal http://www.biiwii.blogspot.com/2012/05/hueys-would-be-v-bottom-becoming-over.html
But now Huey wants to find support at or above the 50% 'Fib' level of 394 to keep things normal. If things become abnormal, the recent low will be threatened and the possibility of the low 300's opens back up. I do not expect this because we are managing a normal pullback off the initial burst. But it pays to consider all possibilities."
Okay, so I missed by a point of two. Low was 392.34, assuming of course the current bullish reversal holds.