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

To: Johnny Canuck who wrote (36720)	4/11/2002 4:58:09 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 67962

GNSS looks really technically damaged here. The 50 day EMA has crossed the 100 and 200 EMA. The 100 is on the verge of crossing the 200 to the downside. It is also testing the range of the low in September. The September options look expensive for something in free fall though. Indication are that seller of options think it will close closer to 25 in September. One to watch for a reversal given that it is testing the September low. Fundamental side: price decreases in LCD monitors have stablized as far as I can tell, they need to fall further if LCD monitors are to be accepted by consumers. Bssiness account for most of the busines to date.