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To: Broken_Clock who wrote (18675)4/9/1998 9:03:00 PM
From: The Ox  Read Replies (3) | Respond to of 95453
 
I'm not a TA expert so feel free to educate me if my theory is off.

When I look at this chart of ESV:
207.95.154.130

..and draw a line from the low in January to the low made today, it looks as though the trend of higher lows is holding. Of course Monday is the key for this trend to make or brake the current line. If we head north from here, I would think a bullish stance could be taken. If we head south and fail to head lower then the lows of January, then it is very possible that this could be viewed as a double bottom, which could also be viewed as bullish.

Would someone with greater experience in TA care to comment?

TIA,
Michael