next level of support, page-6

Hi Sydneyguy,

Yes she seems to have bounced off of the psychological support at $30 for the second time. Next time may not be so lucky! I expect the HUI to track down another 10 percent before she bottoms so am happy with my buy at $29.10 which is halfway between the $28.90 pivot low and the 38.2 fib retracement of the entire move from Oct 08 of $29.30. Technically, if $28 fails then she's on her way back to $24.50. Actually, just noticed a H&S pattern on the chart. A close below $30 gives a target of $23.50-$24. Now I am not so confident about my $29.10 entry. That's 20% drop and if the HUI was to drop 20% then it would drop to 61.8 fib retracement at 220. I was looking at LGL,NCM and HUI yesterday and they all track one another perfectly with the odd exception of a divergence here and there. My thoughts are have all 3 price graphs on the one chart and whichever stock LGL or NCM diverges from the HUI then sell if under performing or stay long if out performing.