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Not a Drill - HL
By:
Biiwii.com
Monday, July 07, 2008 7:27 PM
Sectors:
Basic Materials
Symbols:
HL
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(0)
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Well, with Huey coming within a whisker of the 62% Fib retrace laid out a few days ago in
this post
, I decided to put my money where my mouth is and buy HL today (at 8.11) on a retrace of its own. Perfect... a volume breakout and pullback on declining volume and as a bonus we get a gap filled right at the former downtrend line. Hey, nothing is a given in this market but it's all about risk vs. reward isn't it?
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