I'm not calling a bottom here, but don't you smell the reversal?

Discussion in 'Trading' started by SwiftTrader, Aug 7, 2002.

  1. Looks like we're gonna get a nice rally for the next few days.
    Nasdaq and SP breaking out of downtrend and I think I see a doublebottom on QQQ's chart.
    Any comments are welcome.
  2. Publias

    Publias Guest

    Could very well be Swift... Check back with me in 6mos and I will let you know for sure!

    PEACE and goodtrading,
  3. Does it smell like a bottom?
  4. William


    Double bottom can easily turn into cup and handle
  5. I think it's better to <i>see</i> a bottom than to <i>smell</i> one.
  6. bouncer


    The last time I smelled a reversal like this I found myself under a stank-nasty bottom.
  7. Bono


    Could be .. but until then .. stick to the golden rule "Any rally is a clear signal of a new sell-off" :)
    At least that was the case for the last couple of months ... Let's break the neckline first ...
  8. Who cares.