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

To: flickerful who wrote (6290)	3/16/1999 10:16:00 PM
From: Ed Perry	Read Replies (2) \| Respond to of 17679

For what it's worth Today we may have had a breakout from a 31 trading day consolidation triangle (1/28 high to 3/15 high and 1/26 low to 3/16 low). Volume on the break, in the afternoon of the 16th was relatively heavy. If prices follow through on Wednesday and volume approaches or exceeds average, then this consolidation may be over. Confirming this longer more complex consolidation would be the consolidation running 1/13 to 1/22 - a relatively shorter and simpler one. Impulse waves are supposed to have their consolidations alternate in their complexity. While not all price movements are amenable to wave analysis, this one, beginning the end of Dec 98, exhibits a clear impulse pattern. If this breakout prevails, we should get the final thrust of this impulse. Then another consolidation at a higher level. The distance to be attained and the form which prevails can give a clue of the strength of the overriding "higher" trend. Ed Perry The basic shape of the 5 component impulse wave: ............/ ......./\../ ../\../..\/ ./..\/ /