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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: q_long who wrote (50605)	5/12/2000 5:30:00 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 99985

<<Are you looking for support after 3300 level bottom is broken to classify as a double bottom?>> In a nutshell, yes, that is the most important criterion. What you'd like to see is the previous closing low penetrated intraday, with a reversal up and positive close for the day on high volume and associated with expansion of new lows. There are variations and incomplete versions of double bottoms, of course. For a textbook double bottom, look at the Dow Chart for August to October, 1998.