Confirmation confirmation really comes from a rally off the bottom and a follow through rally the following day. Personally, I do not like that wait that long and I'm a risk taker, so, I will often jump in where I think the bottom is and if it proves not to support there, I get out right away. We already have good volume on both sides of this double bottom candidate and this morning, it appears that we have the possibility of a rally starting, so that, would also get me involved. If you were to take a position now, and to days from now the price is up considerably, that is your confirmation but, if you take a position now and the market does not behave like you expect a double bottom to behave, then capturing any profit you have is a good idea. You can always get back in. You don't want to get trapped in a situation where it goes up for a day and then reverses and goes lower. But, this morning looks like the start of confirmation to me.
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