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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 662.72

+0.4%

Nov 19 4:00 PM EST

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To: j g cordes who wrote (36404)	3/15/2002 12:45:59 AM
From: Johnny Canuck	Read Replies (2) of 68127

Hi Jim, Are you watching the action on GNSS? I noticed a number of the short term trading threads playing it. One or two traders are suggesting it as a long position trade just under 30 for a move to 40. I must be missing something here. I am more inclined to think it fills the gap at 33 and re-test the low at 23 before it goes to 40 despite the strength the last few days in a down market. I think the company is well positioned longer term, but the FA and TA are diverging here and I am incline to trust the TA which indicates a poor risk reward on the long side short term (ie.... any more than intra-day). The OBV and money flow look pretty bad too. askresearch.com

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