Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 10.90

-2.4%

Jan 26 3:59 PM EST

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To: papa bear who wrote (2384)	3/19/1997 11:40:00 PM
From: stan s.	of 3256

Ron, I guess we are all pouring over charts or whatever tonight. On three of the bounces you mentioned earlier the RSI was under 30 (oversold) and in each case we got a little bounce when it crossed up over the 30 mark. I have the RSI now at 25.92. The only time this year it's been that low was July 15 when it was 25.99. The closing price that day was 5.75. The next day it closed at 7.00. Here we are, the lowest price and RSI since then. Should be an interesting day. On my last post I mentioned some support at 5 3/4. We are now below support on the daily lower Bollinger. The price is just above the weekly lower Bollinger band set at 20 periods with 2 standard deviations. I consider this to be the last real significant support for AXC. It needs to close above 5.69!!!! Anyway, just a little nervous chatter waiting for tomorrow. Good luck to all on this thread. Stan

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