When Two is Better than One

From the Trading Desk of Oliver L. VelezToday was an exceptional day in the markets, right into the close. While a good part of my morning was spent flying (more like sleeping on the plane) to my Ft. Lauderdale office, I did manage to squeeze in some trading time and would like to share with you my last trade of the day, which happened to be on Ebay (EBAY). The theme of this trade is based on the Mighty Double Bottom, but a quick glance will show you that this stock offered both Double Bottom buy and Double Top sell opportunities. See chart below for details.For the most part I will let the slide (visual) speak for itself, but I will be recording a very detailed podcast to accompany this post over the weekend. So for now, review the slide and the annotations that accompany it and try to be patient for the podcast that will soon follow.As a final note, I want each subscriber to this Blog to make sure they individually "subscribe" to each separate post, so that all comments and answers by me get automatically sent to you. Many of you have been greatly enjoying the posts, but if you have not been reading the follow-up Q&As to each post, you are missing 80% of the educational value of my efforts here. I make sure most answers I provide are very detailed and specific. But in order to get them sent to you, you must separately subscribe to every new post I make. I know its an extra step, but I promise you, it will be worth the extra effort.