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

To: Michael Olds who wrote (7150)	4/13/1999 10:04:00 PM
From: HPilot	Respond to of 17679

Mike, Some additional analysis from Tradestation expert indicators which more or less confirms your analysis. Mov Avg-Exponential Indicator: Conventional Interpretation: Price is above the moving average so the trend is up. Additional Analysis: Market trend is UP. CandleStick Patterns Indicator: DJ = Doji Ha = Hammer HM = HangingMan SS = ShootingStar BeE= BearishEngulfing BuE= BullishEngulfing DC = DarkCloud MS = MorningStar ES = EveningStar A DOJI pattern has been identified. LarryWilliams Expert Indicator: This fifty bar high is an area were most funds will be buying. This again can cause an imbalance in the market where a pull back over the next few bars is likely. Stochastic - Slow Indicator: Conventional Interpretation: The SlowK line crossed below the SlowD line; this indicates a sell signal. Additional Analysis: The long term trend is UP. The short term trend looks a little toppy. A possible short term down move may occur. A good upward move is possible without SlowK being overbought. However, a down move in SlowK for this bar is a little concerning short term. ThomasDeMark Expert Indicator: TD REI = 13.20 and falling. TD Channel II high = 5.6947, low = 4.3946. REI is declining but has not yet reached an oversold condition. Expect the trend to continue. The Close of this bar has exceeded the upper channel boundary. Once the market retreats back inside the upper band, expect prices to move down toward the lower channel. Note: When the Close of a bar is beyond the upper channel, the market can be in a run-away phase and price action can accelerate in the same direction. Use caution and wait for the Close to be within the channel to confirm a top. Also, consult the other indicators and the Special Conditions Report for confirming evidence of a possible top. ** Special Condition Report ** No Special Conditions occurred on this bar. For More Information on the 'DeMark Indicators' contact: Duane Davis P.O. Box 736 Fairview, NC 28730 (704) 628-4222 Voice (704) 628-3100 Fax Important: This commentary is designed solely as a training tool for the understanding of technical analysis of the financial markets. It is not designed to provide any investment or other professional advice.