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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (3344)12/17/1998 5:21:00 PM
From: majormember  Read Replies (2) | Respond to of 13094
 
>New 13's...$$$$$$$$$$$$$$$ ASCT

Jim,

ASCT Warning....it was a Mex play, I lost 1 1/4 yesterday,
and am a bit pissed at myself so maby not too objective.

TA below was run yesterday by you know who. He didn't know
it was a Mex play, but alluded to the manipulation. You may
want to be careful on this one.

Skane
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

ASCT-I have calculated about 1.8 million shares of overhead at
the 4.25 level..Since the stock gapped to the 4.00 level today, and
was not able to sustain the gap, it displays weakness and potential
manipulation..I see a potential bounce back to the 4.25 area, once
the gap is filled, and then the stock dying on the vine....However,
the stock did do an MACD zero line crossover today, and ADX
moved to 22...
But to make me believe this stock has potential I will have to see
1 million shares of volume on Thursday with a close above the
4.25 area..