Financial Intranet Inc. (OTC:BB:FNTN) Message Board

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Microcap & Penny Stocks : Financial Intranet Inc. (OTC:BB:FNTN)

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To: TechnoWiz who wrote (1864)	5/21/1998 5:19:00 AM
From: JOHN WHITE	Read Replies (1) of 2897

Good morning Wiz and all, Just got through looking at two of my favorite TA tools , "Accumulation/Distribution" (A/D) and "Williams%R"(W%R). They seem to yield valid information regardless of the type of issue. The particular "A/D" line I follow showed FNTN in slight accumulation following the run up to .95 until last Thursday when it tilted slightly downward until the end of Tuesday's session. It indicates a very modest distribution during these 4 trading days. The "W%R" hit a -100% which is a SCREEMING BUY signal. The last time "W%R" gave a buy signal on FNTN it was right on the money (message # 974). (While it works good in calling entrance points it still leaves room for some further decline in price). My take on these two indicators is that (1) we have experienced a VERY mild sell-off which was NOT a natural sell-off but seems to have been staged by the powers that be( MMs) (2) the sell-off has put more shares in stronger hands and as Wiz has indicated this will support an even stronger/longer next move up (3) this seems like a good area to increase positions in FNTN - although I'd leave some room for one more assault on the low. I would like to address the subject of the "R.N.Elliott Triangle" consolidation which was under consideration last week by me. This type of triangle finishes with an abrupt upward move in nearly ALL cases. Only someone with a very short memory could have forgotten that I strongly suggested that we would see the price catapult up and not down from this formation. In a "exchange" - which we do not have for BB stocks - with more rules governing how a market is made for an issue we see less manipulation of stock prices and a more natural movement of pricing ie. triangles with the price exiting in the same direction as it entered. Enough said. Hope this helps , John

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