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Strategies & Market Trends : Ask DrBob

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To: longdong_63 who wrote (33908)	5/17/2001 12:18:23 PM
From: Drbob512	Read Replies (1) of 100058

longdong: GNSS certainly is reaching at least a temporary top, as the technicals are very overbought, especially those that have intermediate implications, and it is getting parabolic from it's indicators. It has such strong momentum that it could take out today's high today, and then retest that high early tomorrow, which might provide a double top. A topping formation or bearish divergences should occur within the next few days, but current price probably is not the high yet as it has broken out above resistance. The breakaway gap at 15 is still in effect and may eventually fill.

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