RE:RE:Double bottom?It can be a few pc higher than former bottom and still be read as a double bottom. I have always held that this stock will need something of a double bottom to have a confident recovery. Retail needs some kind of strong technical to believe in and keep their shares firmly held.
As for the political lift that can come with the legislation, I think what people will really wait for is passing by the Senate. They can send it back to the house for adjustment and there the Liberals don't have as much influence as they do with their majority in the commons. Importantly, Quebec who has been the least on board with this bill has much more influence in the Senate.
JeffreySkilling wrote: investor1964 wrote: Just repeating something from Yahoo board that this is a double bottom possibly forming and that means a major run after it reaches bottom of $7.30. Thoughts?
Wouldn't the SP have to get back down to the $6.60 range to form a double bottom?