Generally KZL has tracked the XJO daily over the past 12 months,...

Generally KZL has tracked the XJO daily over the past 12 months, with standard deviation either side of the mean.

http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=KZL

As you can see in the chart KZL (link above) is underpeforming in comparison with XJO and I agree with your comment on that point major.

Triple bottom patterns are found at the end of downtrends where price makes three attempts at a new low. You're right to point out this occured over a short-time frame. What is written in the text-books (being over a long-time frame) isn't alway right.

Here is an example from KZL charts to prove this: Take KZL in June 2009 - July 2009 when the price shot from 65s to 1.18 - I've highlighted the 3 low points, the high point and dates. This concludes that the same pattern does work in a short-time frame:

Triple Bottom - 3 attempts at low
- June 23rd 2009 (0.65c)
- Jul 01 2009 (0.67c)
- Jul 14 2009 (66c)

Target 1.18c (high point)
Reached on Aug 3 - 1.18c

Hope the above is clear.