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

To: Bald Eagle who wrote (3486)	3/29/1998 12:39:00 PM
From: Power Player	Read Replies (1) \| Respond to of 6317

Trying not to intrude too much here but I would have to agree with wiseowl. Volume is undoubtedly a component that should be used, especially for short term directional indicators. You can look at almost any graph and if you see a climatic volume spike you will almost undoubtedly see a ST price reversal at that point. In addition to that you will nearly always see a re-test of that climatic volume whether it was a breakout or selloff situation. As a trader (based purely on TA, and i do quite well) JBIL is a no-brainer for a trade. The risk/reward is tremendous when you are at support level like now. Given the fact that support was established at $29.50 back on December 12 on twice the volume we experienced friday it could be considered a double bottom candidate (triple in this case). My personal experience with these type of opportunities has been very, VERY profitable. The sector has gone through a washout, and at this particular point in time window dressing has taken the Semis and Electronic sectors down in tandem because they were two sectors that had the most earnings deterioration due to the SE Asia monetary crisis. PP