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Technology Stocks : InfoSpace.com
INSP 136.67-2.3%3:59 PM EST

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To: Hawkmoon who wrote (2252)9/2/2000 6:18:08 PM
From: Spytrdr  Read Replies (2) of 3070
 
long legged DOJI, bearish:

"The Long Legged Doji has long upper and lower shadows
with the open and the close very close or the same. This
pattern reflects the INDECISION of buyers and sellers. The
open and the close of the day are very close or are the same.
The lower and upper shadows are very long. The high of the
day is very high and at the top of the trend."

spytrdr.com

it's already overbought and finding heavy resistance at the 50-dma.
it's shortable right now, but the big volume the past few days suggests to be prudent, so i won't.
besides, we are leaving the "season for shorting" behind us, the internet index is showing improvement, and internet stocks in general are making nice rebounds.

___
"Now the real question is... are you willing to short INSP for the next 4 weeks?"
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