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Technology Stocks : Wind River going up, up, up!

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To: MONACO who wrote (3408)7/15/1998 11:10:00 PM
From: carolyn walder   of 10309
 
MONACO - I am not a technician, but I think that the recent moves can be very easily explained through classical technical analysis. WIND had a gap in the 32/34 area and the odds were that it would go back to fill the gap. Now that it has filled WIND is able to move up and test previous resistance (37 area?). [It also didn't hurt that NASDAQ has been moving very smartly lately.] If we go through 37 this time it looks like 40 will be tested, or so my feeble TA skills tell me...anyone more proficient care to comment?....

Carolyn
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