Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 10.91

-4.6%

Dec 12 9:30 AM EST

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To: jonggua who wrote (2311)	3/15/1997 11:36:00 AM
From: stan s.	of 3256

TA, the overall chart remains bearish. It's trading under all important moving averages and the r-squared and linear regression slope show a continuing downtrend. The short term outlook is similar to what it has been. After a short rally the RSI dipped below the 30 mark on Thursday, pulled up above the 30 mark on Friday's close at 31.96. Once again this generates a short term buy signal along with the CCI and some other indicators. No confirmation yet from Stochastics which have yet to dip into the oversold range. This marks the fourth time in the last 7 weeks the RSI has given a buy signal. All were followed by very short term rallies, the drift lower then continued. Nothing to indicate a change now. The Bollinger bands suggest support at about 6.25 on the lower daily and 5.75 on the weekly. Obviously the drift lower will end at some point, 6 or so seems to be the best chance at basing and starting a move up. Nothing significant will happen without endorsements or news. Stan

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