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

To: HPilot who wrote (8905)	5/29/1999 9:17:00 PM
From: Michael Olds	Respond to of 17679

Some Technical Indicators on a Daily Basis as of 5/28. Three Line Break: Unchanged, Bullish, continuing up-trend started 4/12 (see Point and Figure, which has a shorter fuse) At the bottom of the Envelope (two moving averages shifted up and down showing price ranges; a buy signal is generated when the price reaches the lower band.) In an Up Zig (5% reversal amount) begun 5/27 Traditional Candlestick: Separating Lines Occurred. Separating Lines occur in an uptrend when a black candlestick is followed by a white candlestick with the same opening price. This is interpreted to mean that the uptrend is likely to continue. Forecast Oscillator: (The Forecast Oscillator plots the percentage difference between the forecast price as generated by an x-period linear regression line and the actual price. The oscillator is above zero when the forecast price is greater than the actual price. Actual prices that are persistently above the forecast price suggest higher prices ahead) Turned Bullish (crossed above zero, crossed above it's average, and crossed above a three day average of prices – a short term traders indicator) 5/28. Bollinger Bands: right on the center band. Still bearish as of the last MACD sell call of 4/27. A Stochastic Buy in the direction of the major trend was generated 5/28. Polarized Fractical Efficiency (Putting Mandelbrot to work. Put simply: straight up is efficient and fast, up-down is inefficient and slow; the indicator shows whether the trend is up or down and whether the trend is efficient or not. : Efficiently Trending Higher. Ampex seems to trade efficiently more often than not. On Balance Volume (from Mandelbrot to Joe Granville!; I'm getting out my Tarot cards) (A running total of volume, seeing to show if volume is flowing into or out of a security. Up-day volume is counted as all up; down-day volume all down. The assumption is that OBV anticipates price. I don't see it myself, it looks to me like it is exactly tracking price in AXC. Anyway, it's indicating higher prices if you figure from 5/10. Point and Figure: Down one. Still in what is, at least to this point, in this system, a short to medium term down trend.