Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 10.47

+3.5%

12:03 PM EST

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To: Rob Palmer who wrote (7530)	4/18/1999 7:59:00 PM
From: Michael Olds	Read Replies (1) of 17679

Rob, Those charts look similar to my MetaStock chart about which the comment is: Currently the MACD for AXC is bullish since it is trading above its signal line. The MACD crossed above its signal line 9 periods ago. The MACD is in an overbought range. Prices may continue to move higher for some time. I am strongly of the opinion that TA is more valuable when you don't see what is going on. We may not see everything here, but we can surely see that things are changing rapidly and in a positive direction.I think that throws out all things relating to averages, or past history. See also my quote from Barrons below.

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