Double_bottom_JDS_Uniphase

Double_bottom_JDS_Uniphase - JDS Uniphase Makes Fast Gains...

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JDS Uniphase Makes Fast Gains Off Its Double Bottom 07/19/02 01:39:40 PM PST by Gary Grosschadl When looking for reversal patterns, double bottom formations can provide the basis for excellent short-term gains. Security: T.JDU Position: N/A Despite all the market turbulance, this high tech player has made an impressive move off a recognizable pattern -- the double bottom. Those that are familiar with my trading style will not be surprised to see my recurring theme of adding "the power of multiple divergences" to identifying good trading opportunities. I find many patterns that work in all time frames. Although the double bottom is generally thought of in longer time frames lasting from several weeks to several months it can also work in shorter time spans, albeit with elevated risk. Volume pattern at JDS's double bottom is correct if not classic. The second bottomming area has less volume as the power of the bears has diminished. After the first trough, the decline from the peak has diminished volume. More importantly you can see a bullish advance with
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This note was uploaded on 04/14/2010 for the course FINANCE fnce 305 taught by Professor Proftujun during the Spring '10 term at Singapore Management.

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Double_bottom_JDS_Uniphase - JDS Uniphase Makes Fast Gains...

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