Recovery Rallies     Bounces often initial bottoms are usually limited to under 20% from them.   Flat topped resistance     has usually been seen  seen at most bottom formations since 1957.                      Bottom Formation in DJI: 1962- 2008          Year          Percent up to Resistance        Flat top       Number of tests of lows in 6 months                     1957-1958                   8%                             yes                   9 (inverted head and shoulders pattern, 5 months)        1962                           15%                             yes                  3    (inverted head and shoulders pattern)        1966                           10%                             yes                  5 (inverted head and shoulder pattern)        1970                           14%                             yes                  2    (rising bottoms)        1974                           16%                             yes                  2 (double bottom over 3 months)        1978                             5%                            diagonal          3 (inverted head and shoulders pattern)        1980                             6%                             yes                 3 (over a month)        1982                             9%                             yes                 3 (over 5 months)        1987                            16%                            yes                 6 (over 3 months)        1990-1991                   12%                            yes                4 (inverted head and shoulders pattern, 5 months)        1998                              9%                            yes                4 (over 2 months)        2001                             16%                           yes                1 (over 1 month)        2002-2003                    23%                           yes                3 (inverted head and shoulders pattern, 8 months