NFTRH Update 4.26.13, HUI 60 min. Current Status

Earlier we noted 275 (a 50% Fib retrace of the rally) as the lower tolerance of the ‘normal’ zone on today’s pullback.  If HUI finishes the day as it currently stands, the pullback is a normal reaction or shakeout.  We could say that the 62% retrace at 270 is normal too, but how far is a trader going to stretch normal?  275 is my personal limit on normalcy.

HUI 60 min.

I would not be surprised to see a quick downside lurch (to 270 or so?) on Monday.  Then it would be time to gauge whether a reversal is in the cards or a rally failure.

Regardless, I am in a mode where the sector must prove itself to me.  So I remain under committed pending Monday.  Others should use the above as a potential short-term road map and do what feels right.