MMUS buying opportunity

Posted by downtowntrader | 2/01/2006 02:36:00 PM | 0 comments »

MMUS looks like it is forming a cup and handle base and today touched near the 50% retrace of the right side of the base. I think, this presents a buying opportunity for those willing to be aggresive. Others may wait for the next higher high. MACD is crossing over, so I expect it to trade more sideways for a bit. But this could be the bottom of the pullback.