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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 09, 2008
Cream of the Crop Stock Picking Service Enters 20th Straight Month of 100% Perfection
Comtex
SANTA CLARA, CA, May 09, 2008 (MARKET WIRE via COMTEX News Network) ----As the markets wallow in negative territory since the beginning of 2008, many traders are worrying about their losses. Subscribers to the BullTrade.com (http://www.bulltrade.com) Special Membership, however, are counting their gains. The famous Special Membership "Stock Alerts" have been on an incredible run of over nineteen straight months of perfect trading. More simply put, every single closed-out trade for well over a year and a half has ended in a gain. Recently, despite the market volatility, gains of over 10% have been taken in shares of Foster-Wheeler, Apple Computer , Potash, Monsanto and Vale. A nearly 20% gain in Freeport-McMoran was taken in a matter of days. Smaller gains have also been realized in Burlington Northern, Mosaic and Chesapeake Energy. Overall, since the start of 2003, over 97% of the recommended trades have been closed-out with gains.
Other stocks that have been profiled or recommended in the past include Mercadolibre (NASDAQ: MELI), Amazon (NASDAQ: AMZN), UAL Corp. (NASDAQ: UAUA) and Southwest Airlines (NYSE: LUV). To find out more or to see the performance history, please visit the web site at http://www.bulltrade.com
To sign up for the Special Membership ("Stock Alerts"), please visit the web site at https://www.bulltrade.com/signup.aspx. Special Members receive Stock Alerts, both via email and on the web site, as well as the daily market newsletter (Regular Membership).
About BullTrade.com:
BullTrade.com (www.bulltrade.com) provides investors with a daily newsletter and financial forum. The BullTrade newsletter is ideal for both beginner and experienced investors, and is available for a very affordable $29.99 per month. The Special Membership featured above includes the regular newsletter as well as "Stock Alerts" for $100 per month. BullTrade Corp. is not a registered broker dealer or a registered investment adviser. No information accessed through the BullTrade Web site constitutes a recommendation to buy, sell or hold any security. Please view the disclaimer at http://www.bulltrade.com/legal.asp.
Contact: Michael Neves Company: BullTrade.com Phone: 408-850-5861 Email: Email Contact
SOURCE: BullTrade Corp.
http://www2.marketwire.com/mw/emailprcntct?id=6C7B59E0F2DEB80D
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