Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 12.24

+15.8%

3:59 PM EST

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To: TraderAlan who wrote (5833)	3/2/1999 1:08:00 AM
From: B. A. Marlow	Read Replies (1) of 17679

How do you do, TraderAlan. Wasn't familiar with your work when I referred to the recent market environment as a "coiled spring." Unaware that my simplistic analogy was on a collision course with a trophy TA "term of art." Not a TA specialist so my comments were micro-economic in nature and not meant to be interpreted as TA commentary per se. Specifically, I believe I was referring to the effect of market maker/specialist activity in taking out stop loss/stop limit orders, covering shorts and building inventory. In my experience, such activity often has the cyclical and observable behavior of a coiling spring. After reading your piece on "Coiled Spring," I'd say the TA explanation is often consistent with the activity to which I referred. The issue of "contra-trend," while not my characterization, would simply suggest that a market maker-driven retracement can signal a short-term rebalancing of supply and demand followed by continuing upside momentum. Will spend some time at your site. Looks interesting. BAM

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