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Double Bottom

Last post 07-16-2008 6:30 PM by helen879. 1 replies.
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  • 06-01-2008 8:30 AM

    Double Bottom

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    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.
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  • 07-16-2008 6:30 PM In reply to

    Re: Double Bottom

    Reply

    Thanks for the info.
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