CHAILKIN BOTTOM

1. Make a First low - 1272.66
2. Bounce 1% or more over the next two days
3. Come back down and close below the First low on the third/fourth/or fifth day
4. Make an hourly close above the First low (this generates a buy signal) 1272.66
The reason this bottom is so effective at leading to a good rally is that the lower low shakes out all but the strongest hands. It will take out stops. The only guys left are strong hands; they aren't sellers at low prices.


1. Make a First low - 155.23 on 3/10
2. Bounce 1% or more over the next two days
3. Come back down and close below the First low on the third/fourth/or fifth day
4. Make an hourly close above the First low (this generates a buy signal)- 155.23