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

To: Roebear who wrote (1139)	11/12/1997 12:41:00 PM
From: DDS-OMS	Read Replies (2) \| Respond to of 4571

Still on track in wave 3. Waves are Elliot, Gann lines are support and resistance. Gann support is at 1 3/16 TODAY, and tomorow is at 1 7/32 as is a rising line. Gann resistance today is 1 15/16 and tomorrow is 1 7/16. Elliot waves--if drops to 1 7/32 COULD be the start of a wave 4 retracement that could take as low as 1 1/32. Linear regression channel--now about in the center of the channel. If drops to 1 3/16, will be at the lower limits of the channel. BCMD has bounced off this lower trend line 7 times in the last 20 trading days. All in all, looks like 1 3/16 to 1 1/4 is critical support range. As before--positive news and these support areas and resistance lines become irrelevant or inoperable. Oh, might mention the short term (8days) Stochastic of RSI. It peaked at 93 Friday (0-100 scale) and is now 63 and will probably go down further (along with the price)pending any news.