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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN) -- Ignore unavailable to you. Want to Upgrade?

To: Dan Dieffenwierth who wrote (2794)	8/3/1998 4:48:00 PM
From: Bill Fortune III	Read Replies (1) \| Respond to of 15313

Hi Dan, Ya, I sent him a PM and ask him to hurry. The charts I use will update daily but not until 9:00pm EDT. I sure can't wait for FNTN to get their advanced charting up and running and I hope it updates right after the markets close. I am going to re-post the ones I use but Collin's will be the most current in the short run. Regards, Bill Fortune III

To: Dan Dieffenwierth who wrote (2794)	8/3/1998 4:57:00 PM
From: Bill Fortune III	Respond to of 15313

The following charts may be of interest to some of you. There are explanations included. In the end it is your judgement that counts in how you interpret them. The charts always reflect the previous days trading until 9:00pm ET after which time they will reflect the most recent days trading results. They are self updating from day to day so you can return to them and see how the new days trading has affected them. If you FNTN'ers believe in what charts are trying to tell us, take a look at the ones below: and then look at them tomorrow and see the bullish upturn based on the previous days trading. In my opinion they are saying FNTN is on its way up-up-up. But you be the judge! None of these charts take into account today's (6/8/98) movement that would enhance them all the more. The top part of the Chart on all the Charts are the same and include: EXPONENTIAL or EMA MOVING AVERAGES and BOLLINGER BANDS THE EMA (3-Line)" will plots three moving averages: 9-bars, 18-bars and 27-bars in length. EMA 2 is always twice the length of EMA 1 and EMA 3 is always three times the length of EMA 1. BOLLINGER BANDS according to 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. 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. ONE MONTH MOMENTUM CHART chart4.bigcharts.com SIX MONTH MOMENTUM CHART chart4.bigcharts.com 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. ONE MONTH STOCHASTIC OSCILLATOR CHART chart4.bigcharts.com SIX MONTH STOCHASTIC OSCILLATOR CHART chart4.bigcharts.com 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. ONE MONTH OBV CHART chart1.bigcharts.com SIX MONTH OBV CHART chart4.bigcharts.com ROC: The rate of change measures a security's percentage change in price over a fixed period of time. The rate of change (ROC) indicator available in BigCharts measures your chart's focus symbol's percentage change in price over rolling 10-bar time periods. For example, if you are plotting the daily price performance of FNTN and you apply the ROC indicator you will see a line that plots the percentage change in price of FNTN over the rolling 10-day periods. ONE MONTH ROC CHART chart1.bigcharts.com SIX MONTH ROC CHART chart1.bigcharts.com 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. ONE MONTH RSI CHART bigcharts.com SIX MONTH RSI CHART bigcharts.com MONEY FLOW: The money flow indicator attempts to measure the amount of money buying a stock vs. the amount of money selling a stock. It does this by assuming that when a stock closes higher than its open all volume associated with that trading period results from buyers. It further assumes that when a stock closes lower than its open all volume associated with that trading period results from sellers. Although these assumption are overly simplistic, money flow can be a useful indicator when analyzing the general buying and selling pressure on a stock. ONE MONTH MONEY FLOW CHART chart4.bigcharts.com SIX MONTH MONEY FLOW CHART chart4.bigcharts.com At the very bottom of both charts you will find the 1 Month, 3 Month, 6 Month and 12 Month percentage of change in the stock. And watching our garden (FNTN) grow, Bill Fortune III