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To: abstract who wrote (16186)	4/24/2000 11:23:00 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 35685

when a double bottom has low volume, stick your nose in a double bottom is important the first impulse establishes a critical level initially usually or oftentimes it happens with high emotional level some then believe the selling was overdone, so they buy but as quickly as it dropped, it quickly rises so easy profits are available for those brave who stepped up upward momentum is very hard to find, immediately after such drops so it slides back down with less interest and lower volume then less experienced investors get worried and sell but the lower volume on the second time down is meaningful buyers then wait until the cheapest price becomes available they nibble and nibble, thus making the double bottom softer eventually bigger buyers lose patience, then begin buying relationship between double bottoms and trends: uncertain if a trendline tilts upward, sometimes it intersects with the second bottom leg nearby correlated and antithetic stocks deserve their own missives at a more didactic and leisurely time FWIW, Jim