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To: Sidney Reilly who wrote (412)	12/16/1997 11:20:00 AM
From: Trader X	Read Replies (1) \| Respond to of 2377

Bottom formation or not: Let's look. You may indeed be right that IBAH is putting in a double bottom: chart2.bigcharts.com:80/chart?time=8&freq=1&uf=0&lf=1&type=1&style=8&size=3&maval=10&state=0&compidx=aaaaa&symb=ibah&ma=3&comp=&trans=0&r=chart&sid=8725&sec=c&xyz=46968094&s=16066 From the chart we can see that the big drop from 5 1/4 in May on heavy volume and the rise back to that level constitutes the "neckline" of any type of bottom, double bottom or otherwise. For this to be declared a double bottom with any certainty, the price would have to close above $5.25 on heavy volume--this would confirm your belief of a double bottom. Untill it actually does that the double bottom idea is conjecture. Another possibility is that of a downtrend right triangle formation, since the latest rally is still lower than the last one, and the last two lows were at the same price support. This scenario is bearish, and equally plausable. -Kevin