Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Jabil Circuit (JBL) -- Ignore unavailable to you. Want to Upgrade?

To: Asymmetric who wrote (5554)	4/18/2000 11:38:00 PM
From: faqsnlojiks	Respond to of 6317

No apology needed. And yes, these last two weeks have been difficult. Hopefully, that's due to change. :*) Good Luck! -Joe

To: Asymmetric who wrote (5554)	4/19/2000 7:53:00 PM
From: faqsnlojiks	Read Replies (1) \| Respond to of 6317

Below is a Point & Figure Chart for JBL. Yesterday, I mentioned that we were at a key point with the sitting at $36. I mentioned that a price rise to $37 would be a double-top break, and a bullish signal. Well, that's what we got. Now we're up against another line of resistance. See that descending line of asterisks? That's called the BRL. Without me going into a lecture of exactly what it means, I'll just say that it's another important line of resistance and if it can be broken (which would happen if the stock can hit $40, that is another bullish signal for the stock. That's what we should be looking for. Point and Figure Charting is great. It's so easy to see this stuff. I highly recommend to anyone that might be interested in using TA to back up their stock screening?give P&F a try. It's done wonders for my stock trading. 48 \| 48 47 \| 47 46 \| * 46 45 -----------------------------+-----------X --X * --------------------------45 - 44 \| X O X O * * 44 43 \| X O X O X * X * 43 42 \| X O X O X O X O * 42 41 \| X O X O X O X O * 41 40 -----------------------------+-----------X O X O X 4 X O ----* -------- Med40 - 39 \| X X O O O X O X 39 38 X X X O X O X O X 38 37 X O X O X O 3 * O X O X 37 36 X X O X O X X O X * O X O X X 36 35 ---------------------X O C O X 1 X O X O X --* ----O X O X O X ------------35 - 34 X O X O X O X O 2 O * O O X O X 34 33 X O X O X O X O X * O O X 33 32 X O O \| O X O X * O X 32 31 X \| O O * O X 31 30 ---------------------X ------+-----* ----------------------O X ------------30 - 29 X \| * O 29 28 X X \| * 28 27 X O B * 27 26 X A O X * \| 26 25 -X ----------X O X O X --* --+---------------------------------------------25 - 24 7 O 9 O X O X * \| Bot24 23 X O X O O * \| 23 22 X O X X * \| 22 21 O X X O X * \| 21 20 ---O X O X O X * ------------+---------------------------------------------20 - 19.5 O X O X O * \| 19.5 19.0 --O X 8 X * ----------------+---------------------------------------------19.0 18.5 O * O * \| 18.5 18.0 * * --* --------------------+---------------------------------------------18.0 17.5 \| 17.5 17.0 ----------------------------+---------------------------------------------17.0 16.5 \| 16.5 16.0 ----------------------------+---------------------------------------------16.0 15.5 9 \| 0 15.5 15.0 --------------------------9 \| 0 ------------------------------------------15.0 Thanks go to Dorsey, Wright & Associates for the chart. dorseywright.com -Joe