Local W bottom is a common pattern. Either of the two legs could be lower or higher. The English word ``testing`` is a vivid de????ion for human behaviour in stock trading. Market is cyclic, never linear for long time. At a turn, initially no one is sure it would be a real turn. So, it goes up a little bit, then it hesitates, indecisive, displaying a second leg. Only when the second leg is over, people will feel comfortable to get in. Thus the mass mood will drive the price to a higher level. How high ? Wait and see. I think it is different from double bottom. Usually double bottom crosses longer time, and the two legs reach similar level. Often, the best entry point is the dip of the second leg. Pull out 20 charts/indexs and identify the W bottoms.

I am trying to report my observations on the market that no one has ever talked in books or on TV. The observation of internal force/external force shed new insight into the market. For instance, most of the stocks were impacted by the 227 crash, which was an external force. But there are still many stocks immune to 227 down. I sold some on 227 and bought some on the same day, PRD.V is one of them. However, I sold all of my stocks (9) on 228. PRD.V had a very good chart, immune to the index. So I bot it back very soon, $8000. Today it broke out with huge volume. From the chart it may double in short time. I don't know what the company is about, only a ticker.