HUI nearly completed the pullback modeled in this post. It just needs to fill that gap and then rebound strongly in order to reinforce the idea that it is in a larger HT finishing B of C right now. If it blows through that gap to the downside then something else is likely playing out. Note that the gap fill is a 50% fib pullback of the last few days of rallying so if this is headed into a higher wave up, this is the perfect launch point.
Monday, December 22, 2014
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