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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (36491)	3/19/2002 5:05:59 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67962

Number of stocks now 1 STD below their 200 SMA is 12.5 percent. It has not been this low since June 8,2001. We then proceeded to sell off for 3 months, reaching a true bottom in September. The true intermediate top was in May. Similar kind of signal in January of 2001 when the market sold off. Part of the reading could be due to the fact the market has been trapped in a range for a few months and the averages are starting to converge. The low VIX reading would confirm this. Caution is still advised here though.

To: Johnny Canuck who wrote (36491)	3/19/2002 9:03:28 AM
From: Return to Sender	Read Replies (1) \| Respond to of 67962

Harry you should add ESST to this list as they too upped guidance. Feb 28 2002 11:21 AM In Play ESS Tech raises Q1 and Q2 guidance (ESST) 17.03 -1.98: -- Update -- Co raises Q1 revenue outlook to a range of $68-$70 mln (consensus $58.78 mln). Projects EPS of $0.22-$0.25 vs previous guidance of $0.11-$0.14 (consensus $0.12). For Q2, ESST increases rev outlook to $66-$70 mln from $62-$66 mln (consensus $64.2 mln) and EPS forecast to $0.18-$0.22 from $0.14-$0.17 (consensus $0.15). 'We believe the market for DVD players must be bigger and growing faster than previously estimated or that our market share is growing faster than we had previously thought.' Stock remains halted. Disclaimer: Currently I own no ESST RtS