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: Goulds who wrote (3349)	3/14/1998 3:33:00 PM
From: stan s.	Read Replies (3) of 7054

A coupla charts of ACRT. I mentioned that some medium term indicators were beginning to show strength mid week. (by the way Andrew, thanks, I gave COGNF a quick glance...looks good) Chart 1. geocities.com All three indicators in the top box are mid range indicators. They were unaffected by Friday's drop. The MACD and Linear Regression Slope appeared to bottom a few days ago. They are creating a positive bullish divergence with price. This means they are in their highest position in a month or so while the price is not. IF the price were higher in relation to the indicators it would be bearish. The TRIX (blue)while pointing up is relatively even with the price in relation to itself. Obviously some damage occurred to the short term chart. Momentum indicators turned down somewhat. They did NOT give sell signals because they WERE NOT overbought. BUY and Sell signal are triggered as an indicator pulls up out of oversold or drops down from overbought as various trigger lines are crossed. The Stochastic can be the exception as it has it's own trigger line. An extremely sensitive Stoch. set at 5,3,3 would have given an unconfirmed sell signal as it would have reached overbought technically on Thursday. Monday is important from a psychological perspective but in terms of the overall chart a basing in the 12-15 range would not be bad. It would be good. The emotion surrounding this stock might make that impossible. The green and red lines show the MACD buy and sell signals. This happens when the solid black crosses the black dotted line. This is a slow or lagging indicator...considered to be safe but on the dull side. The results here are okay...not stimulating. The MACD remains under a buy signal. By necessity I am going to lessen my involvement on this thread. These charts take too long to explain and to try and show the nuances are virtually impossible. Chart 2. geocities.com I will try and post updates to this 2nd chart on occasion. It is very simple and self explanatory. The info could be helpful in determining buy and sell points. For traders looking to exit watch the white line in relation to a cross of the blue. My position in ACRT is still intact...but I bought at 11 1/2 and would not hesitate to sell and buy back again. Good luck to the longs and shorts lurking..... and the participants of this thread....even the feisty guy who wields a pretty mean steak knife. Stan

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