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Microcap & Penny Stocks : Financial Intranet Inc. (OTC:BB:FNTN)
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To: John Fairbanks who wrote (450)11/5/1997 12:50:00 PM
From: TechnoWiz  Read Replies (1) of 2897
 
John - am running almost a 7 up, which is my strongest signal right now. ie. The only reason I am not on a 7 / 7 on FNTN is there is insufficient history to generate a long term buy on FNTN, but given the % move already accomplished off the lows these would be in buy mode as well, so I am actually five out of seven positive on my indicators, but I still rate FNTN a 10!! The mere fact that they have all flipped into a synchronised buy mode bodes very well indeed. So far today there is only 6000 down vol in FNTN, we are 93,000 up vol and about the same two way trade flat vol, giving us a total vol thus far of 184,700. The overall market is also looking very bullish although we are approaching the high end of the range which merits some caution. In spite of this, I have a 6 / 7 on the S&P with a developing daily booster which is very strong. Most professionals I've talked to are still looking for a retest of the lows and the market has the feel that there are a lot of shorts still out there who are getting killed on this unexpectedly strong rally. IMO the October debacle was the "C" wave of the A B C correction that began August 7 and huge volume reversal recovery is unprecednted in history and is sending a very powerful message.

rgds

Wiz
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