Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Charger who wrote (2851)	2/4/1998 1:02:00 AM
From: Jeffery E. Forrest	Read Replies (2) \| Respond to of 4571

As to today's close....I think there must be something brewing in the melting pot. What do you think? DEFINITELY. Chart looks EXTREMELY bullish. 1. We got a moving average crossover today AND an upturn. Fast moving average is above slow, both are on an upward slope and price is above the fast and slow averages. NICE! 2. Parabolic SAR showing strengthening of the uptrend. 3. MACD - MACD had a crossover and has issued a BUY signal. 4. DMI indicator - DMI+ crossed DMI- a couple days ago issuing a BUY signal, but was somewhat suspect because the ADX looked weak. We have since had a nice upturn in ADX which indicates an uptrending price. 5. Last and by no means least we closed above the 20Day Exponential Moving Average today. There is an entire system based on the 20DXMA. Basically a BUY signal is issued when you have a close above the 20DXMA two consecutive days. The entire candle body needs to be above this line (it was.) I can't stress the importance of this enough. We have been below the 20DXMA for a LONG time. A close above is very encouraging indeed. If we get our second confirming day tomorrow .......Yippee-tie-one-on! Take a look at a chart and run a 20DXMA on it, follow it all the way back to Oct. and you will easily see why I'm excited about this one. (make sure you use an EXPONENTIAL Moving Avg. NOT a simple one.) -------------------------------------------------------------------- PS- We continue to exhibit excellent accumulation. THREE SOLID WEEKS of strong buying as a matter of fact and the best it's EVER looked. Everything is in place for a strong breakout.