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Gold/Mining/Energy : JAB International (JABI)
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To: Roebear who wrote (2766)1/28/1998 8:45:00 PM
From: Jeffery E. Forrest  Read Replies (3) of 4571
 
Hi Roebear. Hope you've been well. I've been on vacation and also had some sick time so haven't been around in a while.

I have been buying at 3/4. We have a good looking chart.
We are very oversold and appear to have successfully tested resistance at 3/4. This is an Excellent support level.
Support is indicated by the middle of the LONG WHITE Candle back in Oct. and reinforced by the low the first of Dec. when we tested that level.
This is also the 100DMA, increasing the strength of this support level.

Good solid accumulation has been happening over the last two weeks. This bullish divergence (accumulation with descending price) shows that the smart money has been buying this stock.

Williams A-D indicator is also showing strong accumulation and a divergence is indicating that a rally is highly likely. (bullish when we see a 45 day low while the Williams indicator stays high.)

Both Slow and Fast Stochastics have bottomed out and turned around indicating a BUY signal is imminent. (The actual Buy signal occurs when we get a crossover, which should happen tommorrow or Fri.)

**Ultimate Oscillator is indicating a SIGNIFICANT RALLY.
Ultimate Oscillator is a great indicator that is NEUTRAL most of the time. When it DOES show a diverence and flashes a signal, it rarely is wrong.

I'm looking for a rally SOON.
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