Dont know about a double bottom, but take a look at individual stocks - ie GE, MSFT. They are downright broken now even with this huge gain in the Dow. Those stocks broke after several months of basing and a simple bounce is not going to do it. And while a 400 gain in the Dow looks good on the quote screen, on the chart it doesnt even come close to breaking the down trend lines. 8900 is one trendline. Around 10,000 is the next. We may be plus 400 today, but we are still 8100. Keep that in mind and stay nimble, short or long.