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

To: Whipsaw who wrote (2801)	1/30/1998 1:28:00 PM
From: Jeffery E. Forrest	Read Replies (1) \| Respond to of 4571

Williams A/D is showing Accumulation.(bullish divergence) Yesterday also shows a bullish divergence using a plain vanilla Accumulation/Distribution indicator. Most compelling to me are the candle patterns being formed all January. Lots of small bodied candles (Doji, Spinning Tops, etc.) Just previous to the last two weeks volume had been VERY low. Volume has trended higher the last two weeks. This combined with the small candles shows accumulation. The many Hammers that were formed show that the bulls were willing to buy up stock when prices dipped into the 3/4 range. More evidence TC2000 is showing positive TSV and BOP. BOP is a favorite of mine and very accurately shows accumulation. BOP is showing the best accumulation EVER. Better than when we had the original breakout in fact. BTW we showed quite a bit of distribution in the runup to 2+ in Nov. and HUGE distribution in Dec. on it's way to that months highs. We have formed a wedge/pennant with moving averages creating resistance from above and support from all the factors I have cited previously. When we finally break out of this wedge it should be a strong move to the upside. We also got buy signals yesterday from the Parabolic indicator and Stochastics. MACD indicates a rally as well.