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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?

To: tech who wrote (259)	10/21/1997 11:54:00 AM
From: Frank Brisebois	Read Replies (1) \| Respond to of 4571

Tech: Hang in there ol' buddy, news will come out :-) Frank

To: tech who wrote (259)	10/21/1997 2:57:00 PM
From: Jeffery E. Forrest	Respond to of 4571

I've been watching the bid/ask today and you can plainly see the accumulation. Pretty good size blocks coming across on the bid with an ask of ZERO. Patience.

To: tech who wrote (259)	10/21/1997 3:42:00 PM
From: Eakole	Respond to of 4571

Hi Tech, I employ the observtions Edwards & Magee as set forth in their book "Technical Analysis of Stock Trends." Based on their interpretations I see BCMD's supports & resistances at 0.10, 0.40, 0.625, 0.90, 1.50, about 2.00, about 3.60, & 7.00 (or whatever the high was.) I do not see 7/8ths as a meaningfull support or resistance. One thing to keep in mind is that BCMD has been in a sustained downtrend since 1993. (This is the earliest data reference I have.) tscn.com The support of the channel has been touched three times, the resistance has also been touched three times, however, the resistance was breached as trading continued in close proximity of the resistance. Supporting the breakout was a dramatic increase of volume. Having reached a resistance at $1.50 buyers and sellers are now engaged in a battle . . . the out come of which will decide whether this current pattern is an accumulation or a distribution pattern. Based on the foregoing I believe we are currently in a "continuation pattern" that should be resolved in two to three weeks. If the pattern takes longer than that, I will re-access my position. I hope my analysis has been helpful. eakole