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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: sandintoes who wrote (14423)	12/1/1999 12:22:00 AM
From: faqsnlojiks	Respond to of 28311

Some people don't like to use the theory of "gaps" with P&F, but I've found that it frequently is a good indicator of what is (and posiblity what will be) happening. A stock will usually rise to a certain level, and later retrace to the previous high, before continuing the rise. The difference between the current "high" and the previous "high" (talking about columns of X's here for the Piffers) is the "gap" I'm speaking of. GNET has recently climbed to 86 in a column of X's. The previous column of X's only went as high as 76. The space between 86 and 76 was "the gap". This current pullback has filled that gap. Now would be a good time to look for a (positive) reversal. Hope some of this makes sense! -Joe