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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 (4307)	3/24/1998 9:59:00 AM
From: stan s.	Read Replies (1) \| Respond to of 7054

A couple of quick charts. The first, in keeping with the experiment of the "simple" chart. Buy and sell signals are triggered as the security (ACRT, white line) crosses the magenta line (10 day weighted moving average). geocities.com The buy trigger would be generated with a close today of 13 1/4 or so. This is one of the simplest uses of TA and is merely being used as an example. It has, as you can see, been very effective with ACRT. The problem with a system this simple is, if a stock enters a trendless period, the in and out buys and sells could become excessive. The seond chart is a closer view.. The surge at the close prevented the day from being a classic hammer i.e. the close became too high, thus extending the reach of the "real body". geocities.com However that surge created an engulfing line. Notice that Monday engulfed Friday. This is considered bullish if near support, during a downtrend. The long lower shadow is also bullish here as was the close at the high. ACRT tested support at 12 and has held thus far at close. In the top box, notice TRIX (green 20 day) and the MACD. Generally more mid term indicators, both are still trending up. The MACD gave it's buy signal during the move up in early March. In the middle box the Stochastics (5,3,3) gave an unconfirmed buy signal. The Chakin A/D (white line) is showing the highest accumulation since early February, obviously a positive. Most short term indicators have a slightly positive bias. They seem to be following the action so far rather than leading. Mid term indicators remain positive. This chart looks pretty good but does not yet show the short term strength that accompanied it's last move. There was obviously a flurry of late activity towards the end of trading yesterday and as that shakes out.....it will most likely determine today's direction. All the usual caveats apply. Do your own FA and TA and then only use TA to help determine entries and exits in stocks that you're comfortable with. Stan