Did The Dow Form A Double Bottom Today?

[Yavin4]

Did the Dow form a double bottom today? Look at 12pm and 2pm.

http://finance.google.com/finance?hl=en&tab=we


I hate technical analysis.

[SmokingJacket]

1. What does it mean if it did? nt

[nadinbrzezinski]

9. IIRC that we have not reached bottom... at all

[SmokingJacket]

13. Thanks... interesting! nt

[nadinbrzezinski]

2. Yes it did

god my tummy hurts

[Newsjock]

3. That's not a nice way to talk about Karl Rove!

I'll show myself the door now.

[Xipe Totec]

4. You don't form a double bottom by plunging 400 points n/t

[tekisui]

5. Looks like it.

What is the implication? Obviously an attempted rally failed. What else?

[Yavin4]

14. It Went Through Support

It tested the lows twice, and then it crashed through the support level.

[JCMach1]

6. Testing a new low at close... will have to wait until tomorrow

Crap my portfolio got whacked today... As did everyone's...

[dchill]

7. Is that like a double hull...

on a cruise ship?

[katty]

falling 400+

[LeftHander]

8. Low point at five minutes to close....not good....

Open is going to chaos....expect to see Fed brakes kick in tomorrow.

[jannyk]

10. Down 441 with 1 min to go and freefalling......n/t

[MadrasT]

11. Excuse me...

:puke:

I'm sorry. I couldn't help it. My tummy hurts. :blush: :cry:

[NorthwestNut]

12. Doesn't look like it..

It broke through all resistance (from earlier today) at the end, closing around 10,600; the previous daily low was about 10,650.