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


To: Eric Freeman who wrote (2645)1/15/1998 2:36:00 PM
From: DDS-OMS  Read Replies (2) | Respond to of 4571
 
Here comes Eric--must be a bottom again<gg>

Technically, BCMD has been deteriorating from an overbought condition since the long term Stochastic of RSI peaked on Nov 20 with the spike to 2 1/8. The long term and intermediated term are significantly oversold now, and the short term indicates a bottom soon--today, tomorrow or Monday. BCMD did break strong Gann 1X1 support today which it had held at since the annual meeting. Next Gann support is 9/16, BUT a simple price support at 3/4 has been strong in the past. I had a GTC order to buy at 25/32 that was filled today--didn't figure I would get 3/4 as that would be the low bid, not asked.

We'll see if it goes as low as 9/16 before turning.

Regards,
Gary