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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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Monday, July 07, 2008
Cisco Hosts Webcast: Cisco Global Channel Strategy
Comtex
SAN JOSE, CA, Jul 07, 2008 (MARKET WIRE via COMTEX) ----Cisco (NASDAQ: CSCO) will host a webcast with a corresponding slide presentation to discuss its channel strategy.
Who: Cisco executive Keith Goodwin, senior vice president of Worldwide Channels -- to discuss Cisco's global channel model and strategy. Following a brief presentation, a question & answer session will be held.
No previously unannounced issues will be discussed in this webcast.
Date: Wednesday, July 9, 2008
Time: 1:30PM (PDT)
Listen and watch via the Internet:
Please listen to the webcast online at http://www.cisco.com/go/investors. We will offer live and replay audio broadcast of the conference call, with synchronized slides, on this website.
RSVP:
No RSVP is necessary
About Cisco Systems
Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com.
Cisco, Cisco Systems, and the Cisco Systems logo are registered trademarks or trademarks of Cisco Systems, Inc. and/or its affiliates in the United States and used by them or by affiliates under license in certain other countries. All other trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company. This document is Cisco Public Information.
For direct RSS Feeds of all Cisco news, please visit "News@Cisco" at the following link:
http://newsroom.cisco.com/dlls/rss.html
Investor Relations Contact: Marilyn Mora Cisco 408-527-7452 marilmor@cisco.com
SOURCE: Cisco Systems, Inc.
mailto:marilmor@cisco.com
Copyright 2008 Market Wire, All rights reserved.
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