Steve,
I mean this in a friendly way but you wrote, and I quote:
"Other stocks that are making a double bottom are CIEN,JDSU, I'm the first to admit I know nothing about technical analysis . . . "
A "double bottom" is a technical term, if I'm not mistaken. It certainly isn't a term from FA, or from the Securities Act. If you know nothing about TA, by your own admission, then how could you possibly tell that these two stocks are "making a double bottom.??? It's like saying you've looked at a friend's knee and it's a full tear of the anterior cruciate ligament, but you admit you know nothing about orthopaedic surgery.
Let me help you out here, and I mean this in a constructive way. You don't know that CIEN and JDSU are making a double bottom here. You don't know it for one very simple reason. Nobody knows it, nobody could know it. Yet. All we can know is that CIEN has already gone below the September "bottom" not once but twice and the stock looks to go lower still. All we can know, at this point, is that JDSU has retraced the path to the September low; again, it looks poised to go even lower.
But that's all anyone can know at this point.
Regardez les charts, it's all there, but this is like a mystery story where we need to read the next page to find the next clue:
stockcharts.com[h,a]dhclyyay[pd20,2!b50!b200!b25!b10!f][vc60][iut!Lk14!Lb14!Ld20!Lc3!Lf!Lh14,3!La12,26,9]&pref=G
stockcharts.com[h,a]dhclyyay[pd20,2!b50!b200!b25!b10!f][vc60][iut!Lk14!Lb14!Ld20!Lc3!Lf!Lh14,3!La12,26,9]&pref=G
The next clue will not be available until after 9:30 a.m. Tuesday morning, EST.
Kb |
