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Technology Stocks : Ampex Corporation (AEXCA) -- Ignore unavailable to you. Want to Upgrade?

To: David Wise who wrote (5180)	2/3/1999 12:27:00 AM
From: stan s.	Respond to of 17679

Hello David, I think the overriding signals of late are the two formations on Friday's close. They seemed to dictate Monday's action. Message 7572862 Today was actually a good day...an early tank followed by a close at the high. Whether todays bullish long lower shadow can carry over into tomorrow...we'll have to wait and see. It's a more definitive pattern if a stock is at a clearer top or bottom. A formation such as we see today can be a Hammer or Hanging Man...depending on whether AXC is in an uptrend or downtrend. The assumption would generally lean towards a Hammer since AXC has experienced two big drops...but I'm not putting too much emphasis on today....yet. iqc.com iqc.com why.net As AXC settles a bit...a fuller utilization of TA can be realized, giving us a clearer picture of what to expect in the short term. Stan