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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 69.65-3.3%10:25 AM EST
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To: Bob Kim who wrote (23629)1/24/2001 2:49:08 PM
From: TraderMERL  Read Replies (1) of 28311
 
Technical Analysis:
According to dow theory esp the concept of line, a stock will often form a trading range at a market bottom where the stock fails to make lower lows but moves back and forth on high volume. This translates to the movement of stock from weak hands to strong knowledgeable hands. INSP did not violate its prior low which is a good sign. It could be in the process of forming a double bottom although the criteria do not fit all the double bottom criteria. todays run was a good sign. Generally the sign of reversal is a failure to make lower lows confirmed by making of higher highs. The second part yet has to happen.
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