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Microcap & Penny Stocks : FNTN-Is Financial Intranet the most undervalued net asset? -- Ignore unavailable to you. Want to Upgrade?

To: TechnoWiz who wrote (79)	5/8/1998 2:23:00 PM
From: Bill Fortune III	Respond to of 364

You are Welcome my friend! Bill

To: TechnoWiz who wrote (79)	5/9/1998 1:19:00 PM
From: Bill Fortune III	Respond to of 364

New 1 Month Chart: I have a charts (based on 1 month chart) like Warthog and am including some explanation about what is describing. chart5.bigcharts.com In the top part of the chart you will find: "Bollinger Bands" they are a type of envelope (or trading band) plotted at standard deviation levels above and below a moving average. Because standard deviation measures volatility, the bands widen during volatile markets and contract during calmer periods. Mr. Bollinger notes the following characteristics of Bollinger Bands: Sharp price changes tend to occur after the bands tighten, after volatility lessens. When prices move outside the bands, a continuation of the current trend is implied. Bottoms and tops made outside the bands followed by bottoms and tops made inside the bands call for reversals in the trend. A move that originates at one band tends to go all the way to the other band. This observation is useful when projecting price targets. Bollinger Bands are displayed in two bands which are plotted at standard deviation levels above and below a moving average. Bollinger Bands provide a view of the current trading range. They can be used with other indicators to determine when it's time to buy or sell. Additionally the top part of the chart includes a 3 bar SMA: Moving Average: The drop-down box in this section allows you to choose from several popular moving averages using SMA or EMA. The input box immediately to the right of the drop-down box allows you to adjust the parameter(s)of each moving average. Moving averages will always plot in the chart's price window, i.e., upper plot. Note: If you choose a multiple moving average, i.e., SMA (3-Line), the system will automatically determine the lengths of SMA 2 and SMA 3 based on the number in the input box. For example, if you type "9" in the input box and select "SMA (3-Line)" from the drop-down box, the system will plot three moving averages: 9-bars, 18-bars and 27-bars in length. SMA 2 is always twice the length of SMA 1 and SMA 3 is always three times the length of SMA 1. IN MY OPINION IT APPEARS TO ME TO BE A BUYING SITUATION. In the lower part of the chart: Relative Strength Index (RSI) is a momentum indicator which measures an equity's price relative to itself and its past performance. The RSI indicates a security's internal strength. RSI quantifies price momentum. It depends solely on the changes in closing prices. RSI is less affected by sharp rises or drops in a security's price performance. It gives a better velocity reading than other indicators. RSI equals the average of the closes of the up bars divided by the average of the closes of the down bars. The time frame specified determines the volatility of the indicator. For instance, a 9 day time period under study will be more volatile than a 21 day time span. The RSI ranges between 0 and 100. RSI is said to indicate an "overbought" condition when it is above 80 and an "oversold" condition when it is below 20. However, the buy and sell level varies depending on the amount of bars used in the calculation. A shorter span of bars will result in a more volatile indicator which reaches further extremes. A longer amount of bars used in the calculation results in a less volatile reading which reaches extremes far less often. IN MY OPINION FNTN APPEARS TO BE NOT TO BE OVER SOLD. A second Chart showing (1 month chart) the same top part as the first but a Stochastic Oscillator in the lower part. chart5.bigcharts.com The Stochastic Oscillator compares where a security's price closed relative to its price range over a given time period. As with moving averages, the sensitivity increases with shorter time spans. Two or more stochastics may be used with different time spans on a single chart to develop "cross-over" signals. This method is used to spot trend reversals with fairly good accuracy. Many systems that are developed use the stochastics as a timing indicator for signals of market reversal. The stochastic oscillator compares where a security's price has closed relative to its price range over a specifically identified period of time. George Lane, who developed this indicator, theorized that in an upwardly trending market, prices tend to close near their high; and during a downward trending market, prices tend to close near their low. Further, as an upward trend matures, price tends to close further away from its high; and as a downward trend matures, price tends to close away from its low. The stochastic indicator attempts to determine when prices start to cluster around their low of the day for an uptrending market, and when the tend to cluster around their high in a downtrending market. Lane's theory is these are the conditions which indicate a trend reversal is beginning to occur. The stochastic indicator is plotted as two lines. They are the %D line and the %K line. The stochastic is plotted on a chart with values ranging from 0 to 100. Readings above 80 are strong and indicate that price is closing near its high. Readings below 20 are strong and indicate that price is closing near its low. Ordinarily, the %K line will change direction before the %D line. However, when the %D line changes direction prior to the %K line, a slow and steady reversal is usually indicated. When both %K and %D lines change direction, and the faster %K line subsequently changes direction to retest a crossing of the %D line, but doesn't cross it, this is a good confirmation of the stability of the prior reversal. Many times, when the %K or %D lines begin to flatten out, this is an indication that the trend will reverse during the next trading range. IN MY OPINION IT APPEARS THAT FNTN SHOULD BE ON THE UPWARD SWING DUE TO THE %K LINE CHANGING DIRECTION TO THE UPSIDE. Bill Fortune III