ACRT about to move to new highs Message Board

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Microcap & Penny Stocks : ACRT about to move to new highs

ACRT 0.110

-7.6%

Dec 30 4:00 PM EST

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To: Buckfa who wrote (3230)	3/11/1998 9:23:00 PM
From: stan s.	Read Replies (2) of 7054

TA on ACRT. Five up days in a row. This hasn't occurred since mid July when it recorded nine consecutive up days. It was coming off a nice basing pattern at that time...diffferent situations. Chart 1.http://www.geocities.com/WallStreet/Floor/3879/chart31.gif Notice the upper box. All the indicators are pointing up but one. This is unusual because there are a number of these indicators are more mid term. They often lag the shorter term momentum indicators. Here you have the somewhat more conservative indicators like the MACD, TRIX, Linear Regression slope etc already changing direction to the upside. Take note of the thick magenta line, the On Balance Volume. Once again this has not occurred since mid July's rally that took the stock from 11 to 17 on the nine day UP run. Note the dot under the securities price today. The SAR gave a buy signal today...a lagging indicator but again confirming others. Plotted on the main chart in magenta is the Linear Regression Slope. In lieu of an lengthy explanation...a directional indicator will suffice. The white line is the 10 day weighted moving average. As I've pointed out this can be used as a signal. Positive when the security pulls above it (as occurred a couple of days ago) negative as it drops below. Short term signal. Chart 2.http://www.geocities.com/WallStreet/Floor/3879/chart32.gif Note the continued bullishness of all four momentum indicators, CCI, Stochastics, RSI and the Williams%R. All are now in a bullish divergence with the stock price. In this case all four are at their HIGHEST point in a month or more...while the stock price is NOWWHERE near that. In fact ACRT would have to be at 20 or so to have kept up. This is extremely BULLISH. The same can be said for the Money Flow Index and other indicators. They tend to lead the price...up or down in this case they have pulled far above the price. As I posted this weekend, something has to give...the indicators either drop or the price goes up....the price is rising as they indicated it would. Note the continued strength of the black MACD solid line over the black dotted line....it gave a buy signal yesterday. Note the Chaikin ACC.\DIS. Oscillator has resumed it's upward movement...creating a bullish divergence with price as it tries to lead ACRT higher. Notice on the main chart that ACRT blew through it's resistance at 12 3/4 before it's failed attempt to hold over 14 1/8. I view this as it's next nagging short term resistance. By the way that surge was in response to the 1:00 release of the buy back statement. Volume was twice average. The blue line on the main chart is the MFI. That's it. It's my view only. Use TA ONLY for entry and exit points if you like and trust the stock. The fundamentals are what count..always. I am making no recommendations. Good luck, Stan

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