Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 11.44

+3.6%

Dec 11 3:59 PM EST

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To: Alan Cassaro who wrote (5012)	1/30/1999 3:35:00 PM
From: stan s.	of 17679

For traders utilizing Candlesticks, Monday might indicate some caution. A bearish engulfing line as well as a dark cloud on Friday's close. They can indicate a reversal, albeit hopefully of short duration and not too severe. No cause for alarm but a cursory glance at Ampex's past trading (with these signals) shows a pause could be in order. If it does stumble, it could allow for some more accumulation at a bargain price...if you like AXC's story. Here's a brief explanation of the two aforementioned patterns. iqc.com iqc.com Keep in mind a lot of people consider Candlesticks a crock. I don't but they can be deceptive. With a run up like this...they offer some TA perspective...precious little else exists for the moment, short term anyway. Good luck, Stan

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