The Deipnosophist

Where the science of investing becomes an art of living

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Location: Summerlin, Nevada, United States

A private investor for 20+ years, I manage private portfolios and write about investing. You can read my market musings on three different sites: 1) The Deipnosophist, dedicated to teaching the market's processes and mechanics; 2) Investment Poetry, a subscription site dedicated to real time investment recommendations; and 3) Seeking Alpha, a combination of the other two sites with a mix of reprints from this site and all-original content. See you here, there, or the other site!

13 March 2008

Double bottom?

Market chatter increases that the market averages and indices might be forming a double bottom.

Have none of that particular helping of nonsense. Viewed in isolation, the specific pattern is possible; however, place the specific pattern within its continuum, and the viewer immediately recognizes its improbability. For the hoped-for double bottom to have even the possibility to occur now, after yesterday's stunning reversal, the markets must once again hold the lows, and then turn up for more than 3 consecutive days. We shall see.

Trade and invest prudently!
-- David M Gordon / The Deipnosophist


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