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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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Wednesday, July 23, 2008
Maui Jewelry Designer Releases 080808 Limited Edition Jewelry Collection
Comtex
LAHAINA, Hawaii, July 23, 2008 /PRNewswire via COMTEX/ ----In the Spiritual world, the number "8" represents New Beginnings. This year, the Olympic games in Beijing, China, will launch on August 8, 2008. Maui jewelry designer, Shirley Lecomte, is launching her second "Once in a Lifetime" pendant series, specifically designed for the Designs By Shirley Jewelry Collection. This design is to commemorate the upcoming 08/08/08 date.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080723/LAWFNS1-a)
(Photo: http://www.newscom.com/cgi-bin/prnh/20080723/LAWFNS1-b)
The pendants, "Infinite Prosperity" and "Once in a Lifetime" which are made from heavy, high quality white or yellow 14KT & 18 KT Gold and Fine Sterling Silver, are created on the island of Maui, HI. The first 100 Limited Edition pendants will be signed & numbered.
"I created the '888' pendant design with 'Infinite Prosperity' in mind. This bold, unique design is representative of the creative flow embodied by the significant 08/08/08 date," said Lecomte.
These finely hand-crafted pendants are uniquely styled by jewelry designer Shirley Lecomte, who has been living and working on Maui for 20 years. She has managed jewelry stores, art galleries and has had successful collaborations with other jewelry designers. http://www.designsbyshirleyhawaii.com, http://www.070707jewelry.com
Recent Designs by Shirley jewelry creations include the "808" (Hawaii area code), The "96761" (Lahaina zip code), The "96753" (Wailea zip code) the "Maile Leaf" (Love, Honor, and Respect) The "415" (San Francisco area code), The "92037" LaJolla, The "907" (Alaska Area Code), "25yrs"(Anniversary), The "96816" Kahala, The "Peace Sign", The "070707" "Once in a Lifetime" pendant. Ms. Lecomte's entire collection is available for purchase at:
-- Online at http://www.080808jewelry.com -- Jessica's Gems -- Front Street Lahaina, HI, -- Jessica's Gems -- Whalers Village Kaanapali, HI -- Sargents Fine Jewelry -- Front Street Lahaina, HI, -- Kamuela Goldsmith's -- Waimea, HI Contact: Shirley Lecomte 808.276.3811
SOURCE Designs By Shirley
http://www.designsbyshirleyhawaii.com
Copyright (C) 2008 PR Newswire. All rights reserved
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