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Microcap & Penny Stocks : Financial Intranet Inc. (OTC:BB:FNTN) -- Ignore unavailable to you. Want to Upgrade?


To: BlueCheap who wrote (405)10/28/1997 2:54:00 PM
From: TechnoWiz  Read Replies (1) | Respond to of 2897
 
Hi Malcolm, I was going to put on the thread last night that if the mkt rejected the lows today the odds of a strong rally would be pretty high and it looks like the Dow tested 7000 and then they ramped this thing so hard it looks to have made a significant low.

Also some of my indicators went off the charts, implying a climactic turnaround. Seems every time we make one of these bottoms, talking heads come out and say it was'nt a real bottom, did'nt do enough work and not enough people we scared etc etc. Well I was concerned for a lot of reasons and I'm sure most people were. Frankly, I would have been more concerned if we were still hanging around down at the lows and praying for a rally to begin.

After today's recovery, assuming we maintain a quality closing gain in the next hour... along with what is shaping up to be the biggest volume day in history, it sets the stage for these beaten up markets around the World to begin the mother of all rallies tonight, in the 10% - 20% realm and some of them could be record breakers as well. Should this occur, it sets up a good continuation pattern for our markets tomorrow. Many stocks forming possible bull flags. FNTN now has nice support and 3-1 up down volume.

Rgds

Wiz