Archive for August 19th, 2011

Double Bottom — UPDATE

Friday, August 19th, 2011
Double Bottom — UPDATE

The exhibits below, from “Double Bottom? This Powerful, Positive Indicator Could Be Forming,” have been updated through Friday’s close. »

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Double Bottom? This Powerful, Positive Indicator Could Be Forming

Friday, August 19th, 2011
Double Bottom? This Powerful, Positive Indicator Could Be Forming

The formation of a double bottom (a second drop to, but not below, a previous low) is a well-liked, positive indicator. This price support in the face of previous weakness shows that buyers are stepping in and offsetting sellers. This sign, in turn, can produce confidence that the previous decline is ending, thereby bringing... »

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