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Technology Stocks : Jabil Circuit (JBL) -- Ignore unavailable to you. Want to Upgrade?

To: Charles J who wrote (3307)	3/18/1998 11:13:00 PM
From: Lawrence Burg	Read Replies (1) \| Respond to of 6317

Well I hope your happy with yourself charles...taking the day off (sick no less!) to glue yourself to the pc and trade this issue mercilessly. Tch. Tch. Tch! And I also thought that the gods of investing frowned upon those that used dual monikers...what happened to that furry little rodent so fond of nuts? Sorry to interrupt all you JBILers out here, but a portion of this message is quite in jest...having just found out who CJ is here, I figgered I'd bust his buns...think I'm just about done. Now why was I here...Oh yeah TA. Keep in mind I'm very much the novice, but I'm gonna look at the indicators anyway and let you know how I see 'em. Bollinger Bands (20exp) have been expanding mostly downward since the drop to around(~) 44 on 2/6. Bottom currently ~34. Usually just a measure of volatility, but since the price has been at, & is currently back to forcing lower, the bottom, would expect the price to travel to the upper band, which is @ ~55. Simple AD appears to be starting a new trend up, but is countering a Williams AD which continues down. No read. Chaikin Oscillator has been up strongly since 2-9, with the price relatively flat between ~39-44. The price should eventually begin to trend similar to the indicator. Bullish. CCI(8) has been trending down for a few days, but is ready to cross below -100. If so a cross back up over -100 would be bullish. MACD(8) is kinda ugly, as the MACD is still well below the trigger. A cross back above would be add well to confirmations of an uptrending price, but there is no indication of this happening. MFI(8) & RSI(8) both goin' south indicating continuation of trend. RSI has dropped below 30, so a cross back over 30 would be bullish. Would wait for that to happen. 14,3,3,exp-stoch was turning up nicely from ~10, early last week, but did a double take today and is headed back south, so still waiting for a solid move above 20. Price dropped below 21, 50, & 100 DMAs around 2-5, so current trend is down. So what the hell am I saying?? I don't know. I was up 'til 3:30 yesterday morning, so I'm not thinking all that clearly anymore. I don't have a great deal of bullish concurrence among indicators, so I'd stay out of JBIL right now. My gut says the foolish PR everyone's now discussing won't carry nearly as much FA weight as the consistent earnings they're showing. However, the market, as reflected in the indicators, doesn't show a distinct reversal in the current downtrend. So having spent the time, & said as much, I would love to hear other interpretations of the current charts. Keep in mind I'm new @ TA. The subtle art that it is hasn't yet shown itself to me. ....Ok...I just looked at the relevance of the indicators over the last 6 months, to see how much weight they carry. Best fits are for the RSI & MFI; CO is actually pretty poor fit, so bullish signal is kinda weak. I'd watch the RSI & MFI closely. RSI is poised to break back up. If it does, it should carry the price back up with it. If you can, watch RSI.