InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 65.70

+0.2%

Feb 6 9:30 AM EST

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To: Sarkie who wrote (19185)	5/16/2000 11:52:00 AM
From: tahoe_bound	Read Replies (2) of 28311

Sarkie Good eye, hopefully this will also lead to a MACD daily crossing if a rally can hold. On the not so nice side, the 100 day moving average is perceptibly crossing through the 200. I am still hoping (there is that word again) for an inverse head and shoulders type set up, and something that would get this back above resistance levels with better volume. Right now those levels look like first: $48 where it broke down from last week, then $52 (gap area of 5/3) and then $63 above that, which is a spike low from early April and held as resistance on 2 failed attempts. All in all, the possibility of going lower should still not be totally discounted, not with this terrible relative strength and all. A steady improvement leading to a solid bottoming formation would be ideal. Inflation numbers most likely won't look as nice next month with the oil run up recently, another thing to keep in mind that may keep a tight lid on any massive market run ups later on.

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