manipulation, page-41

re: double bottom Hi Hardcash.

I just reread my post and need to correct myself on target - a misprint.

Double bottoms (or tops) are tricky signals to trade - we look for them all the time, far more than they really exist.

If 4.2 proves to be a true double bottom then the initial target is equal to difference between the intervening high (11cents) added to the intervening high ie 11 - 4.2 = 6.8. 6.8 + 11 = 17.8 cents target.

Now as we clearly know there is a huge amount of work to happen before it gets to that target!! The right sort of news could do it so it's going to be interesting to watch and see if we get a text book case here.