Adam Shapiro
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Adam Shapiro
Adam Shapiro joined FOX Business Network (FBN) in September 2007 as a Washington D.C.-based reporter.
Shapiro was previously a general assignment reporter in New York for WNBC-TV morning show Today in New York, covering all aspects of New York City. He also occasionally provided reports for the early evening and nightly newscasts.
Before joining WNBC-TV, Shapiro was the anchor of WEWS-TV¿s (ABC) Emmy Award-winning morning show Good Morning Cleveland and the early evening newscast Live on Five. While there, he received a 2003 regional Emmy Award for Best Anchor and a 2002 Associated Press Award for Best Reporter.
Prior to this, Shapiro spent a year as a network correspondent for FOX News Channel (FNC) based in Chicago covering major national news including the Versace murder and the Louise Woodward murder trial. Before joining FNC, Shapiro anchored the weekend newscast for WXIN-TV (FOX) in Indianapolis, where he received a 1994 Emmy Award for an investigative piece. Prior to that, he was a reporter for WSJV-TV, then ABC affiliate, based in South Bend, Indiana.
A native of Miami, Florida, Shapiro is a graduate of Syracuse University.
FOX Translator
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Sounds kind of dirty, right? Actually, it's because of a clean visual that technical analysts use this term. Technical analysts like charts (hence their nickname of "chartists"), and they like to give certain patterns they see neat little names.
Such is the case with the double bottom, which looks on a chart like, well, a double bottom. Think of three mountains (on a chart reflecting a rise in values) separated by two valleys (representing dips in value). The troughs of the valleys, and the size of the first two peaks, are generally the same, so the chart looks like the letter 'W.' The appearance of those two valleys represents a double bottom.
So what? Well, if you're one of those folks who believes in the power of the charts, seeing a double bottom suggests a long-term trend is about to reverse. So, if a stock chart shows shares falling for several months, then seeing a double bottom, chances are good (according to the chartists) that the shares will rise. And vice versa.
But, beware: charts can be a great tool, but they're more art than science. Use any charts with caution.
