double bottom

Hi all

I know I've been saying its a bull market again and that the dow has seen its bottom. From my observations, I believe we will have a double bottom.

Last week I mentioned that I thought the bottom was the day last year in november when teh dow went down to about 7500 and bounced.

I remember two years ago in the 2nd half of the year the down hit 14000, dropped to about 13000 then went back up to hit 14000, at the time I suggested it was a double top - I was right!

Well, I think we may be seeing the formation of a double bottom. We might not get back down to 7500, might only just hit 8000 or maybe 7800 or thereabout, but i reckon thats what is happening, it'll bounce off there, earnings season will be over, and back it'll bounce towards 9000 and 10000

we'll see if i'm right!