Friday, March 16, 2007

Welcome to another down day of the DJIA closing just under 50 pts at 12,110.41 pts.
I found in the last week or so a nice stock that looks to me as if there's a breakout of the trend lines. Therefore showing a bullish signal on high volume. I'd say give it a few more days to escape the trend lines. Currently, HIH has a resistance at 17.26 per share. I foresee that changing and becoming the next support level which is currently at 16.80. Time will tell, but for now, i'm saying bullish on this one.

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