

		Contents
		--------

	  i.    Files that you should have.
	  ii.   System requirements.
	  iii.  Warranty Disclaimer.

	1  Getting Started
	  1.1   What is Technical Stock Analyst?
	  1.2   How to get Started.
	  1.3   How to Register and What you'll receive.

	2  Entering Stocks
	  2.1   Entering stocks.
	  2.2   Editing stocks.
	  2.3   Deleting stocks.
	  2.4   Graphing a stock.

	3  Portfolios
	  3.1   What is a Portfolio?
	  3.2   Creating, Opening and Closing Portfolios.
	  3.3   Adding and Editing Portfolios.
	  3.4   Deleting Portfolio entries.
	  3.5   Viewing Stocks in a Portfolio.
	  3.6   Graphing a Portfolio.

	4  Graphing
	  4.1   Graphs, and what's represented on screen.
	  4.2   Short Term and Long Term Graphs.
	  4.3   Technical Indicators Explained.
	  4.4   Statistics option in Graph Mode.
	  4.5   Legend option in Graph Mode.

	5  Miscellanous
	  5.1   Address for Questions or Comments.
	  5.2   Suggested Books to read.
	  5.3   Sample stocks ready to be graphed.



























			i.  Files that you should have.


		The following seven files should have come together:

	   stock.exe        stock.std        prices.std      register.txt
	  readme.txt         stoc.ntx          pric.ntx

	  If you are missing any of the above files try running the program,
	  because some can be created by the program itself.  If you are
	  still missing the files you may write to the address listed under
	  the 'INFO' option on the main screen of the program.  Don't worry
	  if you have more files than the seven listed above.




			ii.  System requirements.


		An IBM PC, XT, AT, PS/2 or compatible computer with at least
	  360K RAM.  A VGA monitor with a resolution of 640 x 480 or greater
	  is also needed.  You may run the program from a floppy drive;
	  although a hard drive is recommended for speed.




		       iii.  Warranty Disclaimer.


		This software is provided as-is.  There are no warranties,
	  expressed or implied.
		TechSoft inc. will not be liable to you for any damages,
	  including lost savings or other incidental or consequential damages
	  arising out of the use or inability of use of the program.
	  Technical Stock Analyst is intended only as a computation aid and
	  not a professional advisor.  TechSoft inc. does not represent itself
	  as a security investment, or legal advisor and cannot be held
	  responsible for decisions made on the basis of the data produced by
	  the program.  Technical Stock Analyst is sold "as is" without any
	  additional warranty, either expressed or implied, as to its
	  performance, merchantability, and fitness for a particular purpose.
	  Should the program prove defective, you, and not TechSoft inc.,
	  assume the entire cost of all necessary servicing, repair or
	  correction.  TechSoft inc. does not warrant that the operation of
	  the program will meet your requirements or that the operation of
	  the program will be uninterupted and error free.  The person using
	  the software bears all risk as to the quality and performance of
	  the software.
		This agreement shall be governed by the laws of the State
	  of Virginia and shall inure to the benefit of TechSoft inc..  Any
	  action or proceeding brought by either party against the other
	  arising out of or related to this agreement shall be brought only
	  in a STATE or FEDERAL COURT of competent jurisdiction located in
	  Fairfax County, Virginia.  The parties hereby consent to in personam
	  jurisdiction of said courts.

		TechSoft inc. does not endorse or recommend any products or
	  investments.  You may wish to consult your accountant, attorney, or
	  other financial advisor before you invest.




	  CHAPTER 1  GETTING STARTED

			1.1  What is Technical Stock Analyst?


		Technical Stock Analyst will allow you to graph stocks, other
	  securities, market indexes and market averages.  All you need
	  to supply is the High Price, Low Price, Close Price and Volume
	  for that particular day.  An Open Price can also be entered but is
	  not needed because its rarely listed in newspapers.  It's just there
	  for completeness.  The prices can be found in most newspapers.
	  You may also enter the prices on a weekly, or monthly basis.  This
	  program allows you to use Graphs or Charts, as they are commonly
	  refered to, in your stock or market decisions.
		Technical analysis of stocks and markets is growing in
	  popularity.  This program also computes several technical indicators
	  for you, which are explained more fully in chapter 4.  If you own
	  or are contemplating purchasing stocks these indicators will allow
	  you to see the stocks prices in a more comprehensive way than
	  staring at one days price in the paper.  Read on for further
	  clarification of Technical Stock Analysts powerful features.
	  If you find this program useful, remember that it's shareware and
	  if it's used for over 30 days you need to buy a license.  Section
	  1.3 will explain how to register, or read the file REGISTER.TXT.
	  By registering you will also be eligible for future enhancements
	  and editions to this version of Technical Stock Analyst at a
	  fraction of the price.  You will also receive an added function with
	  the registered version.  See section 1.3.




			1.2  How to get Started.


		First make sure you have these seven files in your directory:

	   stock.exe        prices.std    stoc.ntx   |   register.txt
	   stock.std        pric.ntx                 |   readme.txt

		The program will generate the needed files if they are
	  missing.  All you need to do is run the program by typing 'STOCK'
	  and the files will be created.  If you were missing the above
	  files and would like to graph the sample stocks listed in 5.3 you
	  may write to the address listed under the 'INFO' option on the
	  main screen of the program.  Please check to be sure that the
	  sample stocks are missing before writing, and enclose $ 5.00
	  American for shipping.  An evaluation copy with the sample stocks
	  will be sent, it is not a licensed copy, read the next section for
	  registering.
		If you need to make a directory for this program read
	  on otherwise skip to the next paragraph.  To make a directory in
	  dos called 'stock' type 'MD STOCK' at the prompt.  Then type
	  'CD STOCK'.  Now you are in the stock directory.  Copy the seven
	  above listed files into this directory.
		Type 'STOCK' to start the program, it's that easy.  Five
	  stocks have been provided for you as examples of how the charts
	  look and how easy the indicators are to use.  Read section 5.3
	  to graph any or all of the sample stocks.




			1.3  How to Register and What you'll receive.


		After evaluating this program, Technical Stock Analyst, if
	  you decide you like it and want to continue using it you must buy
	  a license.  This program represents alot of time and hard work;
	  please support my efforts.
		By registering you will also have my telephone number for a
	  months worth of free technical phone support to answer questions you may have.
	  You will also be
	  informed of new versions with more features and more indicators as
	  they come about.  They will be completely compatable with the data
	  you have entered and will only be a fraction of the cost of the
	  origional copy since you will have registered.  The registered
	  version will also have an adjustable moving average that you can
	  change from 2 days to 150 days.
		Please read and print out the REGISTER.TXT file for the cost
	  and address.




	  CHAPTER 2  ENTERING STOCKS

			2.1  Entering Stocks.


		You can find the needed data in the business section of a
	  newspaper.  You need the companies name and their ticker symbol or
	  an abbreviated name of 7 characters or less to be used in place of
	  the ticker symbol.
		1.  Choose the 'Add Stock' option under 'Update Stocks' on
		    the first menu.  Enter the Ticker Symbol and Stock Name.
		    You only need to use the 'Add Stock' option once for
		    each stock.  To see a list of the stocks you've added
		    choose the 'List Stocks' option under 'Graph' on the
		    first menu.  After you enter the information press return
		    to move onto the next item.

		2.  Now you need to enter the High Price, Low Price, Close
		    Price and the volume for each day.  This information is
		    also in the paper.  Choose the 'Update Prices' option
		    under 'Update Stocks' on the first menu.  Enter all the
		    data that's asked for.  If you don't know the Open Price
		    just enter 0 or push return.  Again, the Open Price can
		    be used but is not needed.  Enter the volume in 100's,
		    which is how most papers list it.
		    (ie.  10,000 would be 10).

		3.  If you make a mistake in entering the data read 2.2,
		    Editing Stocks.  If you need to delete one entry or a
		    stock and all its entries read 2.3.  Skip to 2.4 if you
		    want to graph what you have.  The charts don't really
		    start taking shape until you have aquired a reasonable
		    amount of data.  So read 5.3 to graph sample stocks that
		    were provided for you.

		  A conversion chart is listed for your convenience on the
	  bottom of the screen.  Stock prices are usually listed in fractions
	  in newspapers.  Some commonly seen fractions and their decimal
	  equivalents are listed along the bottom of the screen.




			2.2  Editing Stocks.


		Editing the stocks you have entered is quite simple.  Choose
	  the 'Edit Stock' option under 'Update Stocks' on the main menu.
	  Enter the Ticker Symbol of the stock you need to edit.  All the
	  prices related to that stock will be listed.  On the far left of
	  the listing will be a number under the # column.  You will need
	  to enter the number of the particular day after it is done listing.
	  If you decide not to edit a price after all just enter 0 to abort.
	  For editing purposes the stock price that is being edited will
	  be listed on the bottom of the screen.  Procede to re-enter the
	  data with any changes you may have.




			2.3  Deleting Stocks.


		Deleting one days stock prices or a stock and all of its
	  related entries is much like editing a stock.  Choose the
	  'Delete Stock' option under 'Update Stocks' on the main menu.
	  You will first have to press  '1' to delete one days price or 'e'
	  to delete a stock along with all its related entries.  Next enter
	  the Ticker Symbol of the stock you need to delete.  All the prices
	  related to that stock will be listed.  On the far left of the
	  listing will be a number under the # column.  You will need to enter
	  the number of the particular day after it is done listing.  If you
	  decide not to delete a price after all just enter 0 to abort.  That
	  stock price or the stock and all its related entries will be deleted.




			2.4  Graphing a Stock.


		To graph a stock choose the 'Single Stock' option under
	  'Graph' on the first menu.  The stock will then be graphed.  Each
	  time you enter a days price the chart will have more information.
	  Read chapter 4 to understand the graphing screen.  Once you are in
	  the graphing screen you have a new menu, choose exit to return
	  to the main menu.  Also read 5.3 to graph some of the sample stocks
	  provided for you.




	  CHAPTER 3  PORTFOLIOS

			3.1  What is a Portfolio.


		A portfolio is an organized way to keep track of all the
	  stocks you own.  The portfolio will keep track of each stocks
	  ticker symbol, date of purchase, price per share, number of shares
	  purchased and commission paid on the purchase.  Once you sell the
	  stock you can edit the particular stock in the portfolio that was
	  sold and also enter the date of sale, price per share and commision
	  paid on the sale of the stock.  All of the above information comes
	  in handy when tax time comes around.  You may have as many
	  portfolios as you like.  For example, If you want to keep a
	  dependants portfolio separate from your own just create a new one.
	  Read the next section on creating portfolios.




			3.2  Creating, Opening and Closing Portfolios.


		Choose the 'Create' option under 'Portfolio' on the first
	  menu.  You will be prompted for a name for the portfolio.  Use
	  something that you can remember such as your first name, then press
	  enter.  If for example you entered JOHN then a file will be
	  created named JOHN.PRT in you directory.  You only need to create
	  the portfolio once.  To open the portfolio choose the 'Open' option
	  under 'Portfolio' on the first screen.  For this example you would
	  enter JOHN not JOHN.PRT to open the portfolio.  You will need to
	  open the portfolio before you can add, edit or delete from it.  You
	  also choose the 'Close' option to close your portfolio before you
	  are allowed to exit the program.




			3.3  Adding and Editing Portfolios.


		The portfolio you want to add or edit needs to be opened
	  first.  Then choose the 'Add One' option under 'Portfolio' on the
	  first menu to add a stock.  You will then be asked for the ticker
	  symbol, date of purchase, price per share, number of shares and
	  commission paid for the purchase of stock.  After you hit return
	  on the commission entry it will ask you if the stock has been sold
	  or not.  Enter 'No' if you have not yet sold the stock, or 'Yes'
	  if you have.  If you enter yes it will allow you to procede and
	  enter the date of sale, price per share and commission paid on the
	  sale of the stock.
		If you want to edit a portfolio choose the 'Edit One' option
	  under 'Portfolio'.  Editing a stock in a portfolio is done if you
	  need to make a correction or have sold a stock in the portfolio.
	  The stocks in the portfolio will be listed along with a number much
	  like editing stocks in section 2.2.  Enter the number of the stock
	  to edit or 0 to abort.  For editing purposes the stock price that
	  is being edited will be listed on the bottom of the screen.  Proceed
	  to reenter the data with any changes you may have.
		It is worth mentioning again that a conversion chart is listed
	  for your convenience on the bottom of the screen.  Stock prices are
	  usually listed in fractions in newspapers.  Some commonly seen
	  fractions and their decimal equivalents are listed along the bottom
	  of the screen.




			3.4  Deleting Portfolio Entries.


		To delete a stock in a portfolio choose the 'Delete' option
	  under 'Portfolio' in the first menu.  Much like deleting single
	  stock entries the stocks in the portfolio will be listed.  You then
	  choose the number of the stock to be deleted.  After it is deleted
	  the portfolio will again be re-listed so you can verify that it's
	  gone.




			3.5  Viewing Stocks in a Portfolio.


		To view stocks in a particular portfolio you first need to
	  open the portfolio (See section 3.2).  Then choose the
	  'List Portfolio' option under 'Portfolio' on the first menu.  The
	  entire portfolio will be re-listed.  Each portfolio is listed once
	  when you first open the portfolio.




			3.6  Graphing a Portfolio.


		To graph a portfolio you first must close any currently
	  opened portfolio.  Then choose the 'Portfolio' option under 'Graph'
	  on the first menu.  Each stock in the portfolio that has not been
	  sold will be graphed in the order they appear in your portfolio.
	  Choose 'Exit' to move on to the next stock once you are done
	  viewing the currently graphed stock.  To understand the graphs or
	  charts read chapter 4.  Especially read 4.4 if you're graphing a
	  portfolio.




	  CHAPTER 4  GRAPHING

			4.1  Graphs, and what's represented on screen.


		If you are entering stock prices for your stocks daily each
	  chart will graph the High Price, Low Price, Close Price, Volume
	  and open price if provided.  Each days price is shown as an
	  individual line on the chart.
		A vertical line is graphed from the Low Price of the stock
	  to the High Price of the stock for that particular day.  A
	  horizontal line on the right side of the bar represents the Close
	  Price.

	  ie.            |    <-- The top of the bar is the High Price.
			 |-    <-- The horizontal line is the Close Price.
			 |    <-- The bottom of the line is the Close Price.

	  If an Open Price is also provided it is represented as a horizontal
	  line on the left side of the bar.

	  ie.                      |
				   |-
				   |
	   The Close Price  -->   -|

	  The bars may differ in length depending on the trading range of
	  the stock.  The Close and Open may also be anywhere along the bar
	  depending on that days price action.
		Volume is also graphed on the bottom of the screen.  So you
	  can see the amount of shares bought and sold each day.  You will
	  also see when volume is picking up in the stock or decreasing.
	  Read 4.3 to understand the other technical indicators.  To graph
	  a stock refer to 2.4.  To graph a portfolio refer to 3.6.




			4.2  Short Term and Long Term Graphs.


		Under 'Graph' on the second menu are two options, 'Short Term'
	  and 'Long Term'.  A Short Term graph can fit a little over 6-months
	  of daily price data.  Using a six month graph you can also only
	  show one of the three indicators (Volume, Rsi, Obv) along the bottom
	  of the screen at one time.
		A Long Term graph can fit a little over 12-months worth of
	  daily data.  And you can also show the Volume, Rsi and Obv at the
	  same time to compare them.  These indicators are explained in 4.3.




			4.3  Technical Indicators Explained.


		Choose the 'Technical' option on the second screen to see
	  the list of Indicators.  These indicators are simply chosen by
	  moving the bar up and down and pressing enter to turn them on
	  or off.  Remember on the Short Term graph you may only graph one of
	  the three (Volume, Rsi, Obv) while on the Long Term graph you may
	  see all of them on screen at once.


				RSI

		The first Indicator is Rsi, which stands for Relative
	  Strength Indicator.  This particular RSI is a 14-Day calculated RSI,
	  they can be calculated in different time frames.  This indicator was
	  developed by Wells Wilder.  It measures the relative strength of a
	  stock in relation to itself.  The value of the indicator can range
	  from 0 to 100.  A common interpretation of the RSI is that if a
	  stock has a value of roughly 30 or lower it is considered to be
	  oversold.  Conversely if a stock has a value of roughly 70 or higher
	  it is considered to be over-bought.  The 30 and 70 lines are shown
	  along with the indicator itself.  The line changes from white to
	  red whenever it goes below 30 or above 70 so you're conscious of it.
	  This is to draw your attention to it but its up to you to interpret
	  it's significance along with other indicators.


				VOLUME

		The second Indicator is Volume.  This represents the amount
	  of shares bought and sold for each particular day.  The days volume
	  is shown on the bottom of the screen as bars.  You can see when
	  volume is increasing or decreasing in a particular stock.  All of
	  the volume marks on the screen are scaled according to the largest
	  volume.


				OBV

		The third Indicator is OBV, which stands for Off-Balance
	  Volume.  It works like this:  The OBV is a total of the volume
	  for every day with one requirement.  If the stock Close Price
	  is higher than the previous days Close than it is added to the
	  running total of volume.  Although if the stock Close Price is
	  lower than the previous days than it is subtracted from the
	  running total of volume.  Now if their is no price change, then
	  the volume is neither added nor subtracted.  A line on the screen
	  shows 0 volume.  The idea behind this indicator is to try and
	  represent when there is increasing demand for a stock increasing
	  in price or decreasing demand for a stock decreasing in price.
		For example you would think that a stock increasing in
	  price would have an increasing volume total, meaning that demand
	  is pushing the price higher.  And vice versa for a decreasing
	  stock.  Again it is up to you to interpret its significance.  One
	  thing to remember is that the OBV starts from the first day you
	  enter data, so if the first day is high volume than it will start
	  biased to volume on the up-side (above 0).  Although over time
	  with more data you will see that the OBV will even, or average out
	  correctly.


				LINE GRAPH

		The line graph is explained in 4.1.  This option will
	  turn on or off the bar lines on the graph so you can better see
	  other indicators such as the different Moving Averages (MA's).


				2 WEEK |  10 DAY MA
			       10 WEEK |  50 DAY MA
			       30 WEEK | 150 DAY MA

		These are all Moving Averages (MA's).  They are based on daily
	  stock price updates.  For example the first listed Moving Average
	  is a 2 - Week (which is equivalent to 10 Days).  A Moving Average
	  is simply an average of the stock Closing Prices to smooth out the
	  sometimes sporadic price changes in stocks.  A 2-Week or 10-Day MA
	  would take the current days Close Price and average it along with
	  the previous 9-Days prices to come up with a 10-Day moving average.
	  The other two averages are computed in a similiar fashion.  Moving
	  Averages are interpreted differently by different people and some
	  put more confidence in them than others.  Moving averages have been
	  known to signal buy or sell signals much like RSI's and OBV's.  By
	  registering you will also receive the function that allows the 150
	  day Moving Average to be changed by you to average anywhere from 2
	  to 150 days.  As you read or hear about different moving averages
	  you can try them out immediately.  Read section 5.2 for books that
	  I have found helpful in reading and interpreting technical
	  indicators.




			4.4  Statistics option in Graph Mode.


		This option will show you the Ticker Symbol and Name of the
	  current stock.  It also shows the beginning and ending date of the
	  stock prices graphed.  If you are graphing a Portfolio it will also
	  show the Share Price the stock was bought at and number of shares
	  purchased.  The percentage change either Up or Down between the
	  purchase price and the last Close price is shown.  Also shown is
	  the Gain or Loss in dollars, not counting the commission.




			4.5  Legend option in Graph Mode.


		This shows a small picture of each Technical Indicator,
	  what color they are and what they will look like on screen.  This
	  allows you to distinguish most indicators by color.  For instance
	  it will help distinguish the different MA's from one another.




	  CHAPTER 5  MISCELLANOUS

			5.1  Address for Questions or Comments.


		     TechSoft inc.
		     768 Walker Rd.
		     Suite 294
		     Great Falls, Va.  22066

		My name is Brian Longest, please feel free to write with
	  comments, questions or suggestions.


			5.2  Suggested Books to read.


		I have found the following two books useful in my under-
	  standing of Technical Analysis of stocks.

       1. STAN WEINSTEIN'S SECRETS FOR PROFITING IN BULL AND BEAR MARKETS
	  Author :  Stan Weinstein

       2. TECHNICAL ANALYSIS EXPLAINED   3rd Edition
	  Author :  Martin J. Pring




			5.3  Sample Stocks Ready to be Graphed.


		These five stocks have a significant amount of data already
	  there so you can see how each indicator can work.  As you will see,
	  the indicators can vary from stock to stock.  Each stock is
	  different but these indicators along with the MA's can help in your
	  decision making.  Read section 2.4 if you haven't already to graph
	  a single stock.

		Stock Ticker         Stock Name
		------------         ----------
		  BCC                   Boise Cascade Corp.
		  GP                    Georgia Pac Corp.
		  LUV                   Southwest Airls Co.
		  ECH                   Echlin Inc.
		  GTE                   GTE Corp.


	  BCC -  The RSI gave an oversold condition (below 30) at around $20
		 which is sometimes interpreted as a buy.  It also gave an
		 overbought (over 70) condition from $24 to $26.
		 The OBV was steadily increasing as the price pushed upward.
		 Both indicators worked quite well on this stock.

	  GP  -  The RSI gave an oversold around $55.5 and overbought around
		 $66.  The OBV started out with increasing volume but did
		 not give much help after the initial buying.

	  LUV -  The RSI gave an oversold around $28 and overbought around
		 $36.  As you can see the overbought signal by the RSI was
		 a little premature if you used it as a sell signal.  It did
		 signal before the short decline but the stock kept rising.
		 Although the OBV was increasing steadily throughout the whole
		 move to the upside regardless of the RSI.

	  ECH -  The RSI did not give any help either way on this particular
		 chart.  The OBV did show a reversal from the down volume
		 (below 0) to the up volume (above 0) at a turning point
		 in the stock price.

	  GTE -  This stock was included because it contains enough data to
		 use all the indicators as well as the 30 Week | 150 Day MA.
		 You can see quite clearly how the RSI and OBV did on this
		 stock.

	  Try graphing the above stocks on the Long Term graph as well as the
	  Short Term graph (section 4.2) to view all the Indicators at once.
	  Turn on each indicator on the technical menu, one by one to view 
	  them all.  You can see by example that on just the five stocks 
	  listed above, they all reacted slightly different.  That is where 
	  you come in, you judge the significance of the indicators on each 
	  stock.  Look at section 5.2 on suggested readings, these books are 
	  excellent.  Although some Technical Indicators have worked well on 
	  the above stocks past performance is no guarantee of future 
	  performance.




       Remember:  I hope you enjoy analyzing your stocks using Technical
		  Stock Analyst.  Write, or call if your registered, if
		  you have any questions, comments or suggestions.  I'd
		  enjoy hearing from you.




****************************************************************************
    By registering you will also receive a new function that allows you
    to change the current 150 Day Moving Average to any average that you
    want.  You can use an average from 2 Days to 150 Days and plot it in
    seconds.  Read the REGISTER.TXT file for ordering information.
****************************************************************************
