ETF CORNER

HHH : Megaphone in motion ...

I showed that megaphone pattern in HHH lately (Click Here) and it's working just the way it's supposed to ....

HHH : Megaphone !

HHH : Two obstacles ahead !

HHH : Internet Holders Trust.

The recent rally in HHH which basically tracks Amazon,Ebay,Yahoo is about to stall ! I believe that the .382 retracement at $42 will be hard to get through in the very short term. A pullback is in the cards. I suggest booking profits if you have any ! Note that I won't rule out another push higher (once the pullback occurs) towards the lower end of the "black shaded area" around $45 later this year. However,I believe that $45 will be a tremendous resistance level for HHH for years to come.

HHH : Internet Holders Trust.