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