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Upside Follow-Through for Internet ETF


Let's notice that the Internet HLDRs (AMEX: HHH) ETF gapped up this morning, confirming Friday's close above its 16-month resistance line (57.45). The powerful upside follow-through has hurdled the February recovery high (58.70), which also is a very bullish sign. My pattern and oscillator work point to a climb to confront the top of the Aug-Apr. channel in the 61-61 target zone. Only a sudden decline that breaks 56.80/70 will wreck the current technical set-up.
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