Hill, like Goepfert, is describing possible bounces that are short term in nature, not major market bottoms.
FORBES: Looking For The Pony In The Market's Dung Heap
Dare we point out that all four of those larger bars happened to mark major stock market bottoms?
FORBES: Connect
Double tops and double bottoms can often alert the investor to major turning points especially when they are observed in the weekly charts of a major market average or a key commodity like crude oil.
FORBES: Using Options to Trade Double Tops
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