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Politics : Welcome to Slider's Dugout

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From: SliderOnTheBlack7/29/2005 3:10:00 PM
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HUI Chart.......................

My point may be better explained by this chart.

The reason I rang the Cash Register here was simple - too much profit was made on this trade to risk the ultimate resolution of this tight trading band that is now bouncing along the resistance line, to be resolved with a significant retracement, or re-test of the entire move.

Make the continuation of this Rally be confirmed the same way the last one was ( see #3 on Chart) with Triple Confirmation via a breakout thru the 200 dma, present resistance and the upper trendline.(prefer 3 closes over that line & preferably on strong volume.)

When that occurs - buy back in.

Untill that happens.... 40 Points off of this rally are safely in the bank.

stockcharts.com[d,a]daclyyay[d20031101,20050730][pb200!f][vc60][iut!li14,3!ll14!lh14,3][j53751009,y]&listNum=-1

Slider`
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