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Microcap & Penny Stocks : ACRT about to move to new highs -- Ignore unavailable to you. Want to Upgrade?

To: Goulds who wrote (2941)	3/9/1998 11:34:00 PM
From: stan s.	Read Replies (1) \| Respond to of 7054

Thanks Davef. As to your questions. When I said the the points of support and resistance could change I only meant what you've inferred. That within this range of say 11 to 22, new highs and lows will undoubtedly emerge. Some with stronger reinforcement than others, thus changing the S&R. I admit it sounded confusing...but I doubt I'll hang around long enough to continue to supply TA. This thread is exhausting just to read. As Jeffry warned...I don't wish to get caught in this web. As for the Candlesticks. An Evening Star pattern generally means a major top reversal. scifi.co.uk scifi.co.uk It would have to gap down and close lower. It is true that ACRT hit some resistance today at 12 3/4 or there abouts but I'm not sure these three days up signify enough of an uptrend to reverse. Anyway, any hold at support for awhile is ok from a TA standpoint...maybe not for the beleaguered longs...that I understand. We could end up with this pattern as well, which would be bullish. scifi.co.uk The preference of course would be to open a shade lower with a solid up close...thus closing the gap etc. Since the short term indicators remain so positive.....looking at the chart only...and forgetting the surrounding hoopla...one would tend to support an up close. We'll see....remember the April II is out calling for 40 bucks. Even with the derision it gets...people still react to it. Good luck Davef, Stan