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Technology Stocks : Ampex Corp: Digital Storage
AMPX 12.24+15.7%Feb 6 9:30 AM EST

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To: Tracey R. Lanthier Jr. who wrote (260)8/22/1996 1:33:00 PM
From: charles moore   of 3256
 
Tracy:
TSV or Time Segmented Volume essentially measures the amount of
money flowing in or out of a particular stock and is an oscillator
calculated by comparing various time segments of both Price and
Volume. It is usually used as a divergent tool. In other words, if
price has been making successively higher highs while TSV has been
making successively lower highs this would be negative and vice
versa. The problem with it here in AXC is the fact that Price is making successsively lower lows while TSV is going downward too so
you donr know which tail is wagging the dog.There is alos BOP or
Balance of Power which tells you wheter the underlying action in a
Stock is characterized by systematic buying or accumulation or
systematic selling or distribution. In the case of AXC,BOPis positive
which should mean there is accumulation .Here TSV is hard to call because it is normally used as being divergent with Price and not
BOP. I suspect that the Stock is being accumulated but not on a
sustained basis and is reflecting the Negative Price at least for
the most recent time period which moght mena there is some kind of
news that hasnt been reflected in the Stock price yet but insiders
are aware of.If TSV also goes positive and BOP remains the same you should in most cases see a sustained rise. If BOP also goes negative
there would be a further downturn.The former would seem to support
the other message by the fellow on the Quotron of AXC being
accumulated due to some kind of news not reflected in the Price of
yet.This could be borne out by yhe fact that at this moment AXC is
up about a 1/4 although I see no news.Could be just the Market. I
wouldnt bet the farm on our analysis as Chart reading is just another
tool and has its own place.I research a Stock and then use the
Chart to determine if I should buy at that particular time or sell if
I hold it.I bought AXC for what I consider Value but I cant tell you
when this value will be reflected in the Price. Hope this helps.
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