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double bottom |
Also found in: Wikipedia | 0.03 sec. |
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Double Bottom A charting pattern used in technical analysis. It describes the drop of a stock (or index), a rebound, another drop to the same (or similar) level as the original drop, and finally another rebound. ![]() Notes: The double bottom looks like the letter "W." The twice touched low is considered a support level.Most technical analysts believe that the advance off of the first bottom should be 10-20%. The second bottom should form within 3-4% of the previous low, and volume on the ensuing advance should increase. Double bottom A term used in technical analysis to refer to the drop of a stock's price, a rebound, and then a drop back to the same level as the original drop.
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Today's report, along with expected cash-flow sales, should drive December 2006 corn prices back to a double bottom in the charts. To that end, he was in town last week promoting his Double Bottom Line Initiative, which invests state employee pension equity into urban real-estate developments through public-private partnerships. A passenger ship usually has a double bottom - a second steel "skin" that provides extra protection in case a rock or iceberg punctures the outer hull (see miniposter, p. |
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