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

To: jpbp who wrote (7614)	10/28/1998 9:42:00 AM
From: De Peepster	Read Replies (1) \| Respond to of 15313

GoooooD Morning FNTN!!!!!! Rainy here, nothing a little Don Ho can't fix though <w>. All My best to Shareholders L & S FNTN ,, Peep de Hula Dame

To: jpbp who wrote (7614)	10/28/1998 1:53:00 PM
From: JW@KSC	Respond to of 15313

Re: I ask one favor... I ask one favor...can you explain the two relative strength scores for the avg Joe... Thanks for the link...very much appreciated. jpbp jpbp, I don't update these charts on a daily basis. I post here when I do, and you'll always see "Charts" on the top line when I do. One indicator is Relative Strength Index the other is Exponential Moving Average Difference. I to am an average Joe, and not into TA, but I know what works! More as you read on. Exponential Moving Average Difference Description Exponential Moving Average Difference is similar to the Moving Average Difference except exponential averages are utilized in the calculation. This indicator is equal to the fast exponential moving average minus the slow exponential moving average. Look for price heading upwards when the value of this indicator is greater than zero and downwards when the indicator is below zero. The difference can also be used to measure overbought and oversold conditions by comparing the value of the indicator at previous reversal points to the current value of the indicator. Formula Exponential moving averages are calculated by setting the initial average equal to the first price of the data stream. Exponential MA = (Price * Factor) + (PV MA * (1 - Factor)) Moving Average Exponential Difference = Fast Exponential MA - Slow Exponential MA Relative Strength Index Description RSI measures the strength of up moves relative to down moves over a given period of time. It utilizes a smoothing approach similar to an exponential moving average. However, the RSI approach assumes the RSI value at any time depends on when the process of calculating RSI was initiated. The indicator removes the time dependency and calculates a simple moving average of up and down moves over N periods. The RSI can be used to signal a reversal when the current value is in the upper or lower ranges. Alternatively, when used as a trend-following indicator, an RSI value over 50 generally indicates strength, while a fall below 50 signals weakness. Many traders consider the 70-75% range to signal overbought conditions and the 20-25% range as an indication of an oversold market. Formula RSI is initially set to 50. The change is then calculated as the current price minus the price one period ago. The up and down totals are simple moving averages of up and down change. Until N periods have elapsed, up and down totals are simply adjusted. Once N periods have occurred: Change = Price - PV Price If Change > 0, Up Change = \|Change\| and Down Change = 0 If Change is < 0, Down Change = \|Change\| and Up Change = 0 If Change is = 0, Down Change = 0 and Up Change = 0 Up Total = S Up Change N Period Down Total = S Down Change N Period Relative Strength Index = (Up Total /(Up Total + Down Total)) * 100 jpbp, There are variable Parameters that can be set for both RSI and EMAD. I am not a TA person, and the program includes lots of indicators, though I exclusively use these two. Reason: I have found, quite by accident, with the current parameters I have set for the above two indicators, that if both indicators cross while moving up, a new high is reached. I have checked this out on over 50 stocks, and it happens every time. The higher each indicator is in relation to 12 O'clock, the higher the price when it reaches it's high. I can change the magnification of the charts (number of days shown) and the highest magnification (usually a little over 30 days) is where it works best. It appears to be great for Day Trading! I can check the charts when I get home at 12:30am, If I see a chart where it appears the RSI and EMAD look like they will cross the next day, It's a good bet that that the stock will move up, that is of course if, the Market is up for the day, and no bad news is put out. Of course new highs are reached all the time even when the indicators do not cross, and it's not extremely common that they cross, but when they do it's a sure bet a new high will be reached. I hope the above answers your question. Again I'm not a TA person, and if you need further explanation you'll need to ask someone who is more familiar with TA. I'll add a history Chart to the link so you can see what I mean, but as mentioned The Highest Magnification works best on a daily basis. In the FNTN history chart you will note that the indicators don't quite cross when both are moving up, but at least it will give you some idea. members.tripod.com So you can see what I mean, but as mentioned The Highest Magnification works best on a daily basis. Regards, JW@KSC