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

To: B.REVERE who wrote (3547)	4/9/1998 11:21:00 AM
From: BenYeung	Read Replies (2) \| Respond to of 6317

Althought the double bottom looks good from a TA standpoint, the general market is in the process of a correction, may take Dow down to 8000-8200, at least. Specialists/MMs rallied today to unload their inventory they accumlated in the last two decline days. Its a very clear sign that they are trying to taking the Dow and tech high flyers lower in order to cover their shorts, distributed in the rally to 9000. Whether JBIL will or will not go down with it, time will tell. <With volumn drying up, it indicates a reversal is about to start, since it appears all those who wanted to sell have sold.> I cannot agree to that. People sell as price began dropping, not before the drop. Had JBIL drop another 5 points within days, you'll see small blocks of individual selling in big volume overall.