Tuesday, May 3, 2011

update HL 05-04-2011

We last looked at HL on 04-11:  http://swingcycles.blogspot.com/2011/04/hl-and-mmr-update-04-11.html
and we said it should bottom around the first of May.  HL went mainly sideways with a slight down bias during this time.  IMO it is now putting in the expected bottom (may have done that today).

Here is a visual:

GL traders.  Do not buy before doing your own analysis.

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