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To: Apache Indian who wrote (685)5/5/1999 6:36:00 PM
From: Surfer  Read Replies (1) | Respond to of 3070
 
Hi All, Assuming, market behaves, interest rate and inflation fear goes away, INSP might hold its support around 50 day EMA, around 48-50 range like it did today. Buyers took over for the last 1M shares or so from around 50 day EMA. Check INSP chart with 14 day RSI at:

askresearch.com

You can see when RSI indicator came around 40 in Feb. and April, it bounced back from oversold level. As everyone knows, chart reading is no crystal ball. One can hope, the price will return from support/oversold level. As long as INSP holds 48-50, I would call it a bullish chart. If INSP is truly bullish, it will not give anyone a chance again to buy it at 48-50 range. If it lets anyone in at 48-50 range again, then to me it is not a strong stock. Strong stocks, makes it difficult to buy. As an example, look at AOL, last Oct. it gave a chance to buy at $20 level (split-adjusted basis), then again Jan/Feb around $70. I don't know will I ever get a chance to buy AOL at $20 range. If it happens, then probably every stock is down too. I'm not saying INSP is AOL in terms of sentiment. My point is if INSP is next AOL, YHOO, MSFT, etc., then it should say good bye to $48-50 range. Well, time will tell....

Thanks.