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Technology Stocks : Jabil Circuit (JBL)
JBL 243.14-0.6%Jan 23 9:30 AM EST
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To: Rob L. who wrote (2652)2/5/1998 3:03:00 PM
From: Winstonwolf  Read Replies (2) of 6317
 
Rob, the gap occurred between 12/2 and 12/3 and is defined by 45 3/4 to 46 3/8. It's true that sooner or later a gap will be filled, but the timing is not predictable. Even with a breakaway gap like this it doesn't necessarily mean anything. But, JBIL moves fast and this gap is within reach. If you go looking for some kind of resistance point in JBILs chart, you can always find one - today for example by looking at Gann angles or a fan spread, both would say we've top-out for a few days anyway. I'm still on the sidelines because only two of my criteria have been met to confirm a solid trend reversal. I imagine your limit order will get filled though.
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