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Gold/Mining/Energy : JAB International (JABI)

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To: Jeffery E. Forrest who wrote (2858)	2/4/1998 2:30:00 AM
From: DDS-OMS	Read Replies (4) of 4571

Jeffery, Most of what I'm seeing agrees with your observation. Using an optimized parabolic SAR, BCMD broke through resistance 4 days ago. Had been below resistance since 12/19. It has also broken out of a primary downtrend we've been in since the 12/10 high of 1 3/8. The 13 day commodity channel index turned positive yesterday--first time it's been positive since 1/9--and then only was positive for 2 days. There are a lot of ways to measure accumulation. On balance volume was essentially flat from 12/18 whereas the price was falling--a positive divergence. OBV has been rising sharply past 4 days. The following isn't TA--just tape reading--but seems like every time BCMD has tried to rise over the past few days, someone has been sitting on the asked, selling into and aborting any rally attempt. Don't really think there are any momentum or day traders left to be doing this--so market makers shorting--trying to hold price below $1.00?? Don't know, but may answer Eric's question of who is selling--it sure isn't those restricted shares as they are not tradable yet. If true, short covering will add to any sustained rise. Chande's Stochastic of RSI is my main man, and the long term (55 day or 11 week) oscillator FINALLY bottomed Friday 1/30 @ 7.8 (scale 0-100). Indicates start of long term uptrend. Only caveat is that the short term oscillator is at 85 and is somewhat overbought, so would expect some sideways movement starting in 2-3 days, or possible temporary consolidation. This stock better start moving up from here--or you and I are gonna have to disappear! Regards, Gary

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