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Technology Stocks : Ampex Corp: Digital Storage
AMPX 7.887+0.7%Dec 31 3:59 PM EST
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To: Graeme Smith who wrote (2604)4/17/1997 12:05:00 AM
From: Scott H. Davis   of 3256
 
Response to TA question. I have started using Instant Technical Analysis (www.ozsoft.com). The two most recent signals are buy -
Bull Hook Reversal Pattern (on 4/11) and Bullish breakout of Positive Volume Indicator (PVI). This is the first time since the slide from late 96 run up that there has been a confirming buy signal - Before the confirms were all in the form of sells. I also find it encouraging that AXC has held the recent modest gain while most techs have lost. FYI Scott.
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