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

To: Rob Palmer who wrote (5502)	2/15/1999 4:53:00 PM
From: B. A. Marlow	Respond to of 17679

Good question, Rob. Where's Ed Perry? BAM (EOM)

To: Rob Palmer who wrote (5502)	2/15/1999 5:58:00 PM
From: Michael Olds	Read Replies (1) \| Respond to of 17679

There's a gap, OK, but saying it must be filled is a little too rigid for my book. Hum. I see two gaps on my daily chart: 1/22-1/25 at 2-2.1/16 and 1/25-1/26 at 2.5/8--2.7/8 Highs to Lows. I am still trying to puzzle out the supposed psychology for the need to close a gap. Not denying that it does happen, but to insist on it, especially in a case where the fundamentals changed so radically as in this case is an example of what we were talking about in the previous few posts. Silly. Best, MO

To: Rob Palmer who wrote (5502)	2/15/1999 9:30:00 PM
From: Michael Olds	Read Replies (1) \| Respond to of 17679

I went to the SI thread for beginning technical analysis and got this very reasonable answer to the gap question: From: Richard Estes Monday, Feb 15 1999 7:37PM ET Reply # of 9339 The explanation might lie in that a Gap of size means on an opening there was a big imbalance in orders puting price up in an unorderly way. Most gaps like thses are filled the same day from profit taking or a number of people saying, "I like how it broke out, but I will buy when it retraces or determines support" A gap can affect how you look at stock but after 10 days, It shouldn't be a major issue if it is not filled. Looks to me like Hal got it right.