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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (31731)	12/21/1997 8:25:00 PM
From: Jenna	Read Replies (1) \| Respond to of 58727

Is the market gearing towards a breakout in oil drilling/services? Cliff's Drilling (CDG) DATE OPEN HIGH LOW CLOSE VOLUME --------------------------------------------------------------- 12/18/97 52.312 53.687 50.000 50.062 211,300 12/19/97 48.125 49.875 47.000 49.562 299,900 CDG with an increase in volume yet not increase in price from the close of Thursday, might be signifying that another breakout is imminent. CDG closed only down 1/2 which is significantly better than the 47 which was the low of the day. The following oil drillers have also closed well above the lows of their days on Friday: geocities.com COOPER CAMERON CORP COM - RON - DAILY PRICES DATE OPEN HIGH LOW CLOSE VOLUME ---------------------------------------------------------- 12/18/97 58.562 60.500 56.562 57.875 414,300 12/19/97 57.250 57.312 54.312 56.437 723,100 ____________________ EVI E V I INC COM - EVI - DAILY PRICES DATE OPEN HIGH LOW CLOSE VOLUME --------------------------------------------------------------- 12/18/97 48.000 48.500 46.750 46.750 682,400 12/19/97 46.000 47.250 44.500 46.68 594,200 December 18 December 19 Volume 7,063 8,433 MFI 66.37 81.52 EVI showed and increase in price as well as an increase in volume.. Friday EVI showed an increase in volume and MFI relative to Thursday. This means that more traders are entering this stock than before. And since the prices are moving up and volume up, we might infer that there is going to be an increase in interest in this stock for coming trading sessions. ------------------- FGII: December 18 December 19 Volume 2,974 7,930 MFI 58.84 29.95 FRIEDE GOLDMAN INTL INC COM- FGII - DAILY PRICES DATE OPEN HIGH LOW CLOSE VOLUME --------------------------------------------------------------- 12/18/97 31.750 32.500 30.750 31.500 297,400 12/19/97 30.062 30.500 28.125 29.250 793,000 _____________________ FGII showed the same patterns as CDG: significant volume increase yet price did not increase more than the close on Thursday, nevertheless, close of 29.25 was again higher than the low of the day. ________ RON Today's volume and MFI shows an increase in volume relative to yesterday, but the MFI is lower. The increase in volume indicates heavy activity, but the decrease in the MFI indicates that the market is unable to make any real headway. Volume increased, the trend has stalled and the price movement has stopped. __________ EVI: The price is currently between the most recently confirmed support and resistance levels. The most recent support level was at 43.1/2. The most recent resistance level was at 50. With the current price at 46.69, the previous resistance level of 50.06 to again provide upside resistance. EVI is currently 0.8% below its 200-day moving average Date Volume price change 12/10/97 42% below average -1.37 12/11/97 108% above average -3.265 12/12/97 88% above average -2.625 12/15/97 329% above average -5.125 12/16/97 232% above average +3.250 12/17/97 237% above average +3.500 12/18/97 515 above average -1.250 12/19/97 30% above average -0.023 All these indications could mean the oils may continue their upward trend tomorrow and next few trading sessions. Keep a close watch on them.

To: Jerry Olson who wrote (31731)	12/21/1997 9:30:00 PM
From: Jenna	Respond to of 58727

JBIL,YURI,TKLC so far so good: geocities.com I like JBIL, TKLC, YURI for the next few trading days if the techs are still alive. Here's why: TECHNICAL CHARTS FOR JBIL Friday's activity shows an increase in volume relative to the previous bar from yesterday, but the MFI value on Thursday was 20.60 and now it is 17.64 which is lower. The increase in volume indicates heavy activity, but the decrease in the MFI (The MFI simply divides the day's range (high to low) by the total volume. The result shows the efficiency of price movement by quantifying the price movement per unit of volume). this indicates that the market is unable to make any real decisions. Because the volume increased, a trend that has begun maybe is still uncertain and the price movement has stopped. Since we have increased volume it looks like JBIL is ready for MORE price movement and possibly continued breakout will be seen. Since the price of JBIL is below it's Below it's 30, 90 and 200 period moving average it's still not significantly signaled a change of trend. For short term I'm looking for price target of 45-50, but because of the market climate any external force can act on this stock as well as the rest of the sector. Second, the Chaikin Oscillator for JBIL shows that money is flowing into JBIL. Third, The indicator DMI was tested to see how effective it was. (1) Profitability Testing you can see at the bottom of the status line (2) Optimizing tests the parameters that resulted in the highest (optimal return) Fourth, the stochastics have nicely broken out. Fifth, JBIL's Accumulation/Distribution value has increased by 38 in last week that put JBIL in the top 97th percentile of stocks with increasing A/D's. Sixth, Volume Ratio 1,2,3,4,5,/30 Day, shows that for the last week JBIL has been trading over 200% higher than average 30 day volume. ________________ TKLC and YURI's technicals look good. geocities.com