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

To: Roebear who wrote (1147)	11/12/1997 2:53:00 PM
From: Jeffery E. Forrest	Read Replies (1) \| Respond to of 4571

Only vol. of any real significance today was when we broke to 1&#188 and 1 7/32 for a brief instance. Nice flurry of buying at that level which I found encouraging. I also have 9/32 as a support level although I got there via a different path than Gary. Nice to see his chart work and mine getting the same answers using different indicators. I got a couple decent trades out of it this week. Trading it out of boredom more than anything. I didn't dare try to trade it last week, charts were too damn bullish. It was so overbought as of Mon though, that I had to sell some of my position to stay within my trading rules. It's all bought back now though and I even added a few more shares with the extra proceeds. Looking for another 16th scalp before the days out. We need another snippet of news to keep momentum positive. After the GREAT week we had last week we were overbought and needed a little consolidation period. Hopefully it will act just as it did the last couple "consolidation phases", which would set us up nicely to take out 1&#189. News might be the only thing that takes out 1&#189. Looks like a pretty stubborn spot to me. Once we get above that it should prove to be just as stubborn as a support level though. I can't believe the level of impatience I'm seeing with a couple of our fellow shareholders. All the attention span of a 5 year old. I hope this isn't indicative of the majority of shareholders as PATIENCE is once again the magic word until we get some more news. The trading gods will prevail as always though and any weak sisters will most likely get shaken out at the low end of our trading range. They ALWAYS do.<G> Bottom line is that yes we got a bit overbought and needed some consolidation to remain healthy which we seem to be doing this week. Charts still look extraordinarily bullish.