lowtrade

[lowtrade]

Charting is for studying history. In order for it to be a double bottom it has to have bottomed from a down trend. Not enough history, no down trend. As for gaps, they fill 90% of the time, over time. Normally A safe play eventually.

Want to comment about your choice of indicators. You have what is called Multicollinearity. http://stockcharts.com/school/doku.php?id=chart_school:trading_strategies:multicollinearity

More then 1 indicator from the same indicator group. It's like listening to people which all have the same belief. Not hard to agree with them when they all say the same thing. Pick 1 from trend, 1 from momo, and 1 from the volume group.

MACD, DMI, And 5,10,20 all same indicators saying the same thing. Gives a signal added strength which it may not deserve. Your brain washing yourself.

In advertising 101 we call this creating top of the mind awareness, created by repeating & frequency. That's how the public was trained to ask for a coke or pepsi instead of a cola.