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To: Broken_Clock who wrote (10358)10/21/1999 11:00:00 PM
From: Alski  Read Replies (1) | Respond to of 14427
 
Papy K,
16 7/8 isn't looking like such a solid bottom on GNSS to me. Broke support and reverted to old downtrend resistance (and lower BB) for support today, and it's a pretty steep downtrend (highs on 9/8, 9/9, 10/11, 10/12). I don't see any encouragement in any of the technical indicators I use either. Money flow didn't completely break down today though and I suppose the volume might be high enough for a blow off bottom. Didn't participate in the closing rally though.
Geez, and after such a good Q report too. Do you suppose today was "sell the news" or spill over from the IBM/market carnage, or...?
FWIW...Alski