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Author Message  hershy Member Username: hershy Post Number: 1568 Registered: 10-2002 Rating: N/A Votes: 0 Saturday, October 14, 2006 - 04:03 pm:     ACI has been travelling in a nicely sustained uptrend for 4 years. A correction from a high @ $56.27 that began in May appears to have bottomed out at $25.88 after producing a good shakeout of sellers. A J curve is now playing out and Friday's high at $31.48 is barely 20 cents below overhead resistance levels. When this gap is bridged and res, ACI sets up a first target around $37 and a second target around $42.00. A modified Stochastic and Chaikin money flow are both giving a buy signal having moved above the oversold lines and produced trend line breaks. A closer look shows clearly shows the target levels but more importantly, a trendline break and retest is Friday's legacy. Incidentally, the double bottom at $25.85 if completed would take the price above $33 and well on the way to the first target. ...and another Bloody Mary, por favor ! http://members.optusnet.com.au/~hershy/  hershy Member Username: hershy Post Number: 1570 Registered: 10-2002 Rating: N/A Votes: 0 Saturday, October 14, 2006 - 04:30 pm:     An addendum. An one hour chart of ACI shows a head and shoulders pattern with a target at $34. ...and another Bloody Mary, por favor ! http://members.optusnet.com.au/~hershy/  ohkoolnutz Member Username: ohkoolnutz Post Number: 313 Registered: 10-2005 Rating: N/A Votes: 0 Saturday, October 14, 2006 - 05:13 pm:     I love the horizontal volume bars. Daily volume is fine to use for breakout days but its so much better to see volume assigned to price levels to understand where the buyers are sitting to put a floor to a stock. Why risk missing the breakout if you can just join the queue with the smartest players? Incredible Charts Free Charting Software Auto-Fit Trendlines Trend Channels Linear Regression Channels Raff Regression Channels Standard Deviation Channels --- ohk Lies, Damn Lies and Technical Analysis  hershy Member Username: hershy Post Number: 1578 Registered: 10-2002 Rating: N/A Votes: 0 Tuesday, October 17, 2006 - 06:24 am:     Resistance, what resistance ? I don't have a plan so nothing can go wrong !!! http://members.optusnet.com.au/~hershy/

Incredible Charts Free Charting Software Auto-Fit Trendlines Trend Channels Linear Regression Channels Raff Regression Channels Standard Deviation Channels

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