TECHNICALS-HHH

One of the worst performing industry groups for 2006 has been the internet sector as Bill Miller at the Legg Mason group of funds can attest. The ETF HHH is down 25% for the year and its largest holdings are YHOO EBAY TWX AMZN ET and AMTD. It is probably worth a shot as it has turned up over the 50 day SMA which has been significant resistance. The 45 area looks like a good stop out area and the trade on a risk to reward basis looks pretty good.