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


To: HO-MEE who wrote (19137)5/12/2000 9:17:00 AM
From: Hawkmoon  Read Replies (1) | Respond to of 28311
 
You are right... the chart is not currently showing a "hammer" on the daily chart for GNET:

siliconinvestor.com

However, if you look at the developing weekly chart, there is a distinct hammer formation forming (if we can hold today or even make some gains).

siliconinvestor.com

Again, so much depends on the overall market. People will sell their GNET in order to support their larger positions in more liquid stocks. We really need a strong rally, with high volume, in the Nasdaq so that we can regain some positive psychology. Otherwise, this is just a rest stop on the highway to lower prices.

Regards,

Ron