Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 10.56

-14.8%

Feb 5 3:59 PM EST

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To: Ed Perry who wrote (5772)	2/25/1999 4:10:00 PM
From: TraderAlan	Read Replies (3) of 17679

Ed, <That "Coiled Spring" is day trader talk for a trade setup situation. Basically, it's a contra trend move on declining volume. B A Marlow used the term coil and / or spring some days back in discussing this pullback.> The Coiled Spring is not a contra-trend situation. It bases off price range constriction. I also don't have a clue who B A Marlow is. I named the Coiled Spring myself. The inspirations are Linda Bradford Raschke and Toby Crabel, who wrote a piece popular with futures traders on opening range breakouts. As for "day trader talk", the Coiled Spring is completely time frame independent and can be used on a monthly chart as well as a 5-min one. It comes in quite handy in managing mutual fund allocations and long term positions. Where I find technical analysis most undependable is with very low priced stocks, like AXC. I personally don't trade stocks this low in price anymore because of that. TraderAlan aka Alan Farley editor/publisher The Hard Right Edge hardrightedge.com Morning Trader hardrightedge.com

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