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Microcap & Penny Stocks : AMERICAN BIOMED, Minimally Invasive Technology (ABMI) -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey L. Henken who wrote (657)	5/3/1998 7:15:00 PM
From: Bill Fortune III	Read Replies (3) \| Respond to of 2887

Jeff thanks for the posting. I ran a chart based on the "Bollinger Bands" and found it quite interesting. As James said it must break $1.00 (or in my opinion at least sharply about the top band and hold) and then it will be able to test higher limits, $1 1/8 to $1 ¬. You will notice that ABMI is right now near the top of the band and unless it breaks the top it could re-test the lower side (somewhere in the$0.58 to $0.60 range only in my opinion). The following should take you to the chart I created for your look see. bigcharts.com The setting I used were as follows: Time Frame 1 year (this can be reduced to a shorter period if one chooses to do so. Frequency Daily Indicators: Moving/Average SMA 9 Upper Indictors Bollinger Bands Lower Indictors Vol Average The Vol Accumulation is holding on the positive side of the chart, good sign. DESCRIPTION OF BOLLINGER BANDS: Bollinger Bands are a type of envelope (or trading band) plotted at standard deviation levels above and below a moving average. Because standard deviation measures volatility, the bands widen during volatile markets and contract during calmer periods. Mr. Bollinger notes the following characteristics of Bollinger Bands: Sharp price changes tend to occur after the bands tighten, after volatility lessens. When prices move outside the bands, a continuation of the current trend is implied. Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend. A move that originates at one band tends to go all the way to the other band. This observation is useful when projecting price targets. Bollinger Bands are displayed in two bands which are plotted at standard deviation levels above and below a moving average. Bollinger Bands provide a view of the current trading range. They can be used with other indicators to determine when it's time to buy or sell. The Bollinger Bands indicator in BigCharts references the following fixed parameters: I believe all signs point to traders accumulating ABMI, which in turn should increase the price. And as James stated any good new will be a positive. Jeff, as you always say; GO ABMI! Bill Fortune III