To talk of double tops & triple tops is just ridiculous. If people are going to use TA terms, at least know something about them, otherwise its misleading. Use Google to inform & educate yourself on TA patterns. Here is a link about double tops: http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:double_top
Here are some salient points from the page:
"While the double top formation may seem straightforward, technicians should take proper steps to avoid deceptive double tops. The peaks should be separated by about a month. If the peaks are too close, they could just represent normal resistance rather than a lasting change in the supply/demand picture...."
MYG Price at posting:
17.7¢ Sentiment: LT Buy Disclosure: Held
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