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

To: Lawrence Burg who wrote (3040)	2/19/1998 2:38:00 AM
From: Eric Freeman	Respond to of 4571

I will answer your questions - however I am not going to argue or carry on extensive talks on TA on this thread in the future. I have told you already that I only use it for a guidline, coupled with experience, and other little tricks. If you think that you have found the holy grail in TA and can call an exact turning point from reading a chart, and do it in a way that makes you money - by all means go right ahead. Let me know how it works out over a period of a few years. I do not however think that you will find it very accurate re BCMD - which is another story in itself. It may give you indications over the medium term. Questions: #1:I own the Ensign program - have used it for many years - have all the upgrades - data feed live from BMI - via sat. dish. I do not use the windows version ( do not like it) -I run it through its own computer (DOS) dedicated to this task only. On 24 hours a day. #2 : I do look at the Oscillator MACD study -(Moving Average Convergence Divergence) using exponential averages. Keeps flashing sell signals on my chart. Has given false buys when histogram crossed above the zero line. The net on all trades over last four months would have been a 1.92 W/L ratio. Which is not bad. Where is it now? Ticked up today but is still saying SHORT. - IE Below zero line and oscillator is below its average. I am not saying to use this - you asked me. 3# How do I apply the Bollinger Bands: the bands very in distance from a moving average and are a function of market volatility. If you use these you are looking for penetration of the bands, or when bands tighten to the average sharp moves often occur. Where are we now? BCMD Chart tightened around Feb. 6 then price dropped sharply - also the chart has moved outside of lower band - indicating a continuation of the trend. Once again you asked so I am just telling you what I see - and what standard interpretation says re this indicator. A move which start at one band tends to go to other - so on a positive note if this little uptick today keeps going then you would expect a move back to 1.00 range - (Upper Band) But there is no compression here so one might be looking at a new trading range (IE forms a base) Now back to your point about Gary and Jeffrey - Specific yes - and wrong. I only told you how to save yourself a big loss if you were long, or wait for a much lower buy point if you were looking to get in - take your pick. Eric