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Replies to #10114 on lowtrade
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lowtrade

10/27/07 7:13 PM

#10120 RE: MrBigz #10114

MrBig

Again, your trying to use the wrong chart pattern to call a bottom.

The story may have caused the first bottom bounce, which failed as usual. Watch for the second bottom They are about the only chart pattern to call a botton turn.

The single, double, & tripple bottom reversal and you should know from my past posts, the single & tripple usually fail. With maybe a 70/30 chance for the double.

Of all the patterns which help with bottom turns, IMO non are strong, Just just the double is less weak.

Give it up. LOL your just not going to be able to see bottom turns with chart patterns. IMO

Got to wait till the turn is well in effect. And that usually happens with the double bottom bounce.