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

To: Z man who wrote (2966)	3/9/1998 11:33:00 PM
From: Goulds	Read Replies (1) \| Respond to of 7054

Repost, TA on ACRT: To: stan s. (2824 ) From: stan s. Monday, Mar 9 1998 10:32PM EST Reply # of 2966 TA on ACRT. By the way, the April edition of Individual Investor is out. Obviously it doesn't hold much sway. They still love ACRT...they think it'll hit 40...I'm assuming that's dollars. Chart 1....16 of 20 indicators pointing up. geocities.com Chart 2...shows the clear break of the down trendline, the flattening lower Bollinger Band and the continuation of the buy signals generated Friday by the Stochastics and the RSI...both are short term momentum indicators. Volume bars are at the bottom of the page. geocities.com Chart 3...this chart shows the upward progress of the CCI and the Williams%R buy signals on Friday. Note the similarity of the signal crosses to the rallies (blue lines) that managed to briefly pop up during the severe downtrend. geocities.com It also shows Candlesticks. The long upper shadow is normally a bearish sign. In this case it qualifies as a Doji Star, signaling reversal...I'll leave it up to others to conjecture as to a reversal of the 3 day uptrend or reversal of the longer downtrend. The chart obviously tends to give positive confirmation...at the moment. There is also a tiny gap or window (1/16) that was not fully closed today. It may close tomorrow. A lot of the afternoon downturn MAY have been traders selling around 12 1/2 in anticipation of being able to buy at the "gap from" price...a common phenomena...and one that will have worked if the stock continues to rise. Chart 4...shows the rallies after the Volume Adjusted Moving Average cross...10 day over 21 day....the most recent cross was today. geocities.com Chart 5... shows the significant but short lived rallies that occurred during this severe downtrend. Notice the blue lines. They depict the upward movement predicted here by the Money Flow Index (white, showing a bullish divergence) and the Binary Wave (red, combination of 5 indicators). Note the similarity of the positioning of the indicators to now...especially the late January rally. geocities.com Chart 6...LAST CHART!!!! The security (ACRT) is the white line. The red line is the broken downtrend line. The blue line shows the 10 day weighted moving average. The security crossed over it today. Notice past price movement in the chart when this happened. geocities.com ACRT does NOT have to go straight up. I view the green line as pretty strong support. Lesser support at the gap today...around 12. A consolidation or basing before going up would be a POSITIVE for the long term. ACRT faces numerous areas of near term resistance before strongr resistance at 17 and major resistance at 22 1/4. Points of resistance can and do change. Conservative investors might wait for less reactive signals like the MACD to confirm the more volatile of the momentum indicators. The MACD is in the top box of this chart. A buy would be a cross of the dotted black by the black...close to it now. Note the Chaikin Accumuation/Distribution had a downturn today. If the stigma attached to ACRT doesn't lift, or is exacerbated by continued innuendo that is not put to rest...none of the above will help it for long. THE TA MEANS NOTHING UNDER THOSE CIRCUMSTANCES. NEWS RULES!! Uh...manipulation comes pretty close. CHECK OUT THE COMPANY...DON'T RELY ON ANYONE'S TA TO MAKE A DECISION...watch the market etc... Good luck, Stan