Hold your horses guys, he just asked about the HUP.
Steve, do you know about Fourier transforms? If I show you a long plane wave with lots of cycles, you can easily measure the wavelength, right? But if I show you a short wobble that barely gets going at all, you're not quite sure where to put your ruler. That's about it really. The momentum is associated with the wavelength, but you can't measure that very well if the whole phenomenon starts and stops within a space that's comparable with or shorter than that wavelength.
More precisely, the position is a probability distribution and so is the momentum. The latter is the Fourier transform of the former. So you can plot probability for a range of positions or probability for a range of momenta and the one distribution is the Fourier transform of the other.
More precisely still, both are complex functions of space (ignoring time for now) where the magnitude of the complex number (squared) is the probability distribution. You can still do the Fourier trick to transform one complex field into the other, but now I think you have to call it a laplace transform instead of a Fourier transform. But the idea is the same.
Let's take both extremes as examples: the long plane wave in space has a precise wavelength and that precise value tells you the momentum. The Fourier (laplace if you're feeling pedantic) transform is a spike. The other extreme is that the position distribution is a spike, and the FT will be an extended wave in momentum space, i.e., lots of equally probable values for momentum.
Between the two extremes, we can consider a gaussian distribution of probability vs position. You'll find that the FT is also a gaussian within a limited range. That's when you know a bit about both position and momentum.
Quantum observations operate on these wave functions and change them. For instance, if you accurately measure the position of an electron that formerly was somewhere, anywhere in a box, you'd be changing the first extreme into the second. The position distribution would go from a wave to a spike, so the momentum distribution would go from a spike to a wave.
Hope that helps,
Adrian.