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Internet ETF (HHH) Ready to Play Catch-up?


Maybe the Internet sector will begin to participate in the overall Nasdaq upmove now -- - now that YHOO appears to have established a final corrective low at 23.57 this AM and has reversed into positive territory.

If that proves to be true, then the major drag (28%) from YHOO on the HHH has been lifted, which should enabled the ETF to play catch-up in a hurry. Based on the enclosed daily chart, a hurdle of 50.41/50 should trigger acceleration to 52.30/70 thereafter.

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