Wednesday, March 26, 2008


A quote from Technical Analyst, John Murphy

The triple bottom is a reversal pattern made up of three equal lows followed by a breakout above resistance. While this pattern can form over just a few months, it is usually a long-term pattern that covers many months. Because of its long-term nature, weekly charts can be best suited for analysis. We will first examine the individual parts of the pattern and then look at an example

Telus could be a candidate for a triple bottom - we need a move above $48 to confirm the bottom

Bill Carrigan

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