Pondering HUI’s immediate prospects, we can dispense with the subtleties of Hidden Pivotry and appreciate simple gravity at work, hauling the index down to some key lows near 490 that were recorded in late October.  If they are not going to be tested, the retro-rockets will need to fire either today or tomorrow to keep this vehicle from succumbing.  As I’ve notedabove, you can see this without having to much think about it.  From an impulse-leg perspective, it would require a further fall of 10 percent, to beneath the 476.40 low made on September 10, to seriously damage the daily chart.