This was pointed out to me in a newsletter. Hmm......Didn't notice till then. THANKS!
Double bottom?
NICE! and for those that don't know a double bottom.........READ and LEARN!
Double Bottom A charting pattern used in technical analysis. It describes the drop of a stock (or index), a rebound, another drop to the same (or similar) level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice touched low is considered a support level.
Most technical analysts believe that the advance off of the first bottom should be 10-20%. The second bottom should form within 3-4% of the previous low, and volume on the ensuing advance should increase.
I'll take 60 cents........LMAO!
Go BABY!
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run...
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