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Strategies & Market Trends : AFTI: ABSOLUTEFUTURE.COM (OTC:BB)

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To: VAB cowboy who wrote (17)1/13/2000 6:49:00 PM
From: Charles Kalb  Read Replies (1) of 45
 
Hey.....You two guys in the woods, I suddenly found myself here also today and heard voices through the trees. Were you aware that THE PHANTOM has recommended AFTI over on Raging Bull? Here is an excerpt from one of his posts yesterday. Apparently his charting expertise is well respected, but I just started following his research so haven't formed my own opinion yet.

ragingbull.com

"(AFTI) UPDATE! (P/H) POSITION HELD!!! THE NEXT 2 DAYS TELLS A LOT ABOUT THE NEXT MOVE!!! BASICLY WE HAVE A DOUBLE BOTTOM ON THE WEEKLY CHART THE LAST 2 WEEKS AND A .90 .87 TOP SO FAR THIS WEEK WE HAVE A LOW OF .5625 AND A NEW HIGH OF .93 MOST OF THE BUYING WAS DONE AT .75 OR HIGHER!!! THE FALL BACK TODAY WAS ON LOW VOLUME!!! WITH GOOD BUYING AT THE CLOSE!!! A CLOSE ABOVE .68 BY FRI WOULD BE VERY POSITIVE SINCE THE APEX IS AT THAT PRICE IN 9 TRADING DAYS!!! EVERY TIME WE HIT A NEW HIGH THE APEX MOVES UP!!!! SO FAR WE ARE HOLDING THE PLUS SIDE OF THE DOWN BAND AND WILL HIT THE UPTREND BAND NEXT WEEK !!!! THIS SHOULD BE WHEN THE NEXT LEG UP HAPPENS!!! ADD STRONGLY TO BASE ANYWHERE UNDER THE APEX AT .68 A MOVE ABOVE .97 WILL WILL MOVE THE APEX HIGHER!!!! ADD STRONGLY OVER $1.75 AND $2.50
THE PHANTOM$"

Could either of you, or someone else who might be here, tell me what caused the 100-fold meltdown from $10.00 to about 0.10 in less than three months this summer (July/October timeframe)?

Charles
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