Well, that was a perfectly useless parameter. I am talking about the HUI 325 level using a 10 min. chart. I apologize for this whipsaw type of management, as this is exactly why I ask people who are not short-term traders to consider tuning such updates out.
HUI closed below 325 yesterday and is making a delayed upside follow through move this morning. We should note however, that Huey is still in a consolidation off of the potential bottom from last week.
So the bottom potential is obviously still in play and nothing has changed other than the 325 caution I highlighted ended up being useless noise.