............................Channel Surfing 101

Once one understands cycles channels are a great tool. One must keep in mind that due to the nature of cycles channels will tend to become increasingly sharply declining during downcycles and vice versa in upcycles. Yesterday HUI hit the bottom of it's short term trading channel, and, it bounced to the top today, see http://finance.yahoo.com/q/ta?s=%5EHUI&t=5d&l=off&z=l&q=c&p=&a=m26-12-9,p12,fs,w14&c=. So, the downtrend probably resumed after the early gap up/spike at today's open. ....... http://www.JoeFRocks.com/