ALYA Cost cutting system via software as well as security Message Board

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Microcap & Penny Stocks : ALYA Cost cutting system via software as well as security

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To: Jeffrey L. Henken who wrote (2122)	12/11/1998 3:16:00 PM
From: John S. Baker	of 2534

Jeff, since you happened to bring up technical analysis, I thought I'd post the following link and analysis. bigcharts.com Money Flow Index (MFI), depicted on the lower chart, is one measure of whether money is flowing into or out of a stock. Considering MFI helps to show the true flow of buying and selling interest from amongst the camouflage of the totality of all trades. We can note that there has been a net influx of money into ALYA since early July, despite the fact that the stock price has fallen during that period. Particularly significant is the steady increase in MFI over the past 2 1/2 months. This would suggest that any price below roughly 7/8 is a buying opportunity. I take this as a significant plus. FWIW, the upper chart records the number of shares which have changed hands at the specified price. This suggests a good bit of resistance will occur at about 65 cents. Standard caveats: TA is useless for low-priced stocks, thinly-traded stocks, and your mileage may vary. JSb.

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