HUI - Nearly 38% retrace of entire bull market

Take it for what it's worth. I can only say how I am taking it and that is as a buying opportunity. This is what the sizable cash percentage has been for. It is shrinking now as fallen angels beg to be bought and I am personally getting very UNconservative (but no margin) in certain accounts. Good luck to all here at gut check time. Is it uncomfortable? Oh yeh, and that's not usually a bad thing ultimately in this sector.

This is a linear chart (which is more visually striking) for which the trend line is still intact. The trend line on the usual log scale chart has been blown away, which brings on the 'higher low' scenario from last August.