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Monday, February 27, 2012


There are many ways I could interprete the HOTT chart, but a few thing are not in dispute: the price relative line is very weak, CMF shows lots of accumulation, and the cup and handle pattern is near flawless (with a very nice volume pattern in the handle). ATR dropped to a very low level before the breakout, and the 200dma has been rising streadily, indicating this is in a long term up trend. The base may be a little too deep, and the price relative sucks, but this is actually one of the better looking breakouts I have seen lately.

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