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Sounds kind of dirty, right? Actually, it's because of a clean visual that technical analysts use this term. Technical analysts like charts (hence their nickname of "chartists"), and they like to give certain patterns they see neat little names.
Such is the case with the double bottom, which looks on a chart like, well, a double bottom. Think of three mountains (on a chart reflecting a rise in values) separated by two valleys (representing dips in value). The troughs of the valleys, and the size of the first two peaks, are generally the same, so the chart looks like the letter 'W.' The appearance of those two valleys represents a double bottom.
So what? Well, if you're one of those folks who believes in the power of the charts, seeing a double bottom suggests a long-term trend is about to reverse. So, if a stock chart shows shares falling for several months, then seeing a double bottom, chances are good (according to the chartists) that the shares will rise. And vice versa.
But, beware: charts can be a great tool, but they're more art than science. Use any charts with caution.
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Friday, May 16, 2008
Air China Allocated Large Aircrafts for Disaster Relief
Comtex
BEIJING, May 15, 2008 (Canada NewsWire via COMTEX News Network) ----
<< 9 Flights Carrying Relief Troops to Sichuan >>
Air China adjusted capacity timely according to the relief situation and allocated wide-body aircrafts as its best to evacuate stranded passengers in Sichuan province. On May 15, 28 flights departed from Chengdu and other 9 other flights were especially arranged for disaster relief. Due to the congestion of CTU airport and affected navigation system, Air China adjusted large aircrafts including A330 and B777 to transport remaining people. Therefore, total transported passenger volume did not change although the frequency was reduced. Another 9 flights departed from Chongqing collected passengers from Jiuzhaigou.
Passengers who bought Air China's tickets for flights from/to Chengdu, Chongqing, Jiuzhaigou, Mianyang, Yibin, Xichang, Panzhihua, Luzhou, Dazhou and Wanxian or interline international flights and who traveled after May 12 could rebook or refund for free. Air China will inform passengers about changes of flight schedule through channels. Air China also suggests passengers call 4008100999 for real-time flight information.
In addition, after receiving special relief tasks on the night of May 14, Air China responded quickly by allocating 9 aircrafts to carry relief troops into Sichuan from Zhengzhou. At the morning of May 15, 3000 relief soldiers were sent to Chengdu on time.
SOURCE: Air China
Han Xiao, Marketing Brand Management of Air China, +86-10-6464-5220, or hanxiao@mail.airchina.com.cn Web Site: http://www.airchina.com.cn
Copyright (C) 2008 CNW Group. All rights reserved.
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