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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 (181)	6/27/1998 1:29:00 PM
From: Bill Fortune III	Respond to of 364

Like Collin would say "Hope these help". Again for those FNTN'ers believe in what charts are trying to tell us, take a look at the ones below: and then look at them next week as FNTN climbs upward and see the bullish upturn based on each previous days trading. In my opinion they are saying FNTN is on its way up-up-up. But you are to be your own judge! WHAT ARE YOUR THOUGHTS AND INSIGHTS ON THESE CHART INDICATORS? LET'S HEAR THEM, EITHER POSITIVE OR NEGATIVE! For more complete information see descriptions of charts at bottom of document. a) MOMENTUM INDICATOR (BOTTOM 1/3 OF THE CHART) My opinion is: Momentum has increase greatly since the 1st of June has returned to moving upward buying signal. As Wiz said yesterday on one of his posts on this thread "I think we acted well today, as did the market. Buys to sells almost 4 to 1." chart4.bigcharts.com a) THE STOCHASTIC OSCILLATOR (BOTTOM 1/3 OF THE CHART) My opinion is: The %K and %D lines flatten out and the %K now has changed to a upward direction and both are well below the 80 and have not neared the stock high at this point. chart2.bigcharts.com b) ON BALANCE VOLUME (OBV) (BOTTOM 1/3 OF THE CHART) My opinion is: Shows more volume flowing into FNTN then out. chart2.bigcharts.com c) BOLLINGER BANDS (TOP 2/3 OF THE CHART) My opinion is: You will notice how much the bands have tightened thus setting the stage for sharp price increases. & e) RELATIVE STRENGTH INDEX (BOTTOM 1/3 OF THE CHART) My opinion is: With the indicator being at about 48 it is well below any type of oversold condition. chart4.bigcharts.com f) THE 50 (Red Line) AND 200 (Blue Line) DAY MOVING AVERAGE CHART. My opinion is: FNTN has been fundamentally holding above both of them for over two months now. Strong sign. dailystocks.net As always watching my garden (FNTN) grow, Bill Fortune III CHART DESCRIPTIONS: a) MOMENTUM INDICATOR (BOTTOM 1/3 OF THE CHART) The Momentum indicator measures the amount that a security's price has changed over a given time span. The Momentum indicator displays the rate of change as a ratio. The Momentum indicator can be used as a trend-following oscillator or as a leading indicator. Used as a trend-following oscillator, technical analysts typically buy when the indicator bottoms and turns up and sell when the indicator peaks and turns down. If the Momentum indicator reaches extremely high values and then turns down, you should assume prices will probably go still higher. b) THE STOCHASTIC OSCILLATOR (BOTTOM 1/3 OF THE CHART) 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. 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. c) ON BALANCE VOLUME (OBV) (BOTTOM 1/3 OF THE CHART) is a momentum indicator that relates volume to price change. On Balance Volume is a running total of volume calculated by adding the day's volume to a cumulative total when the price closes up, and subtracting the day's volume when the security's price closes down. It shows if volume is flowing into or out of a security. When the security closes higher than the previous close, all of the day's volume is considered up-volume. When the security closes lower than the previous close, all of the day's volume is considered down-volume. d) BOLLINGER BANDS (TOP 2/3 OF THE CHART) 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. 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. e) 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.