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

To: tahoe_bound who wrote (19342)	5/26/2000 1:18:00 AM
From: tahoe_bound	Respond to of 28311

Fear and sentiment gauges (off GNET topic) Still not showing anywhere near a nadir of panic that would hopefully indicate a solid bottom. Not even today with the Dow breaking down below a very important chart pattern line (symmetrical triangle) and falling hard, not with the nasdaq in tatters, not with the OEX about to break a big head and shoulders pattern.. on and on. Stunning complacency in evidence, not conducive to an end to this mess! The VIX remarkably still below 30, vs. 41 in April (Old 80's saying: When the VIX is low, its time to go, when the VIX is high, it is time to buy... it hit 60 at the October 98 low, 50s in the 1997 low, etc) 1987 it was off the charts. astrikos.com The put/call ratio now down to this, was .73 in April astrikos.com The McLellan Oscillator was -63, falling only 3 pts. from -60 yesterday. Below -150 is a major oversold reading and where bottoms happen, has gone lower even. (Also, a minor change of + or - 5 points almost always means a dramatic move in the averages with the next 3 market days, of several hundred points. Again.) There are a lot more sentiment and other readings, but they generally all say the same. Major caution and hang on, there are very likely major rough seas ahead, as if there has not been already.

To: tahoe_bound who wrote (19342)	5/26/2000 1:25:00 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 28311

I understand... bollinger bands are only an indicator that a major move is about to occur that will break the stand off between buyers and seller (shorts). siliconinvestor.com According to the chart above, we're still within the "pinch" as of the close today. However, I was also incorporating the weekly chart in order to try to confirm whether were in for a reversal of trend: siliconinvestor.com All these charts are telling us that we are close to the bottom. The weekly chart is approaching previous oversold conditions on the Williams% where reversals took place. Now we could go to absolutely "0" on the William%, but I was thinking that with a strong market rally today, we were setting up for a nice recovery. But tomorrow will be the key. If we rally strong on the Dow or at least hold our own at these levels, we stand a chance of putting in a triple bottom at the 10,243 level: siliconinvestor.com And the Nasdaq can rally from here as well since today's retracement is still higher than the bottom we hit yesterday intraday. It all depends on volume and lots of it... and holding current levels ahead of a 3 day weekend (when generally people don't want to hold for so long, especially since Monday's have been so ugly as of late). Pray for volume...and a 90% upside day sometime before the end of the month. Regards, Ron