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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: mattie who wrote (23787)	9/24/1999 9:00:00 AM
From: Logain Ablar	Read Replies (1) of 68181

Hi Mattie: Regarding WIND. Just noticed WIND has crept back up to the $20 level. I expect some profit taking then the break out. This has been a favorite (company not stock) for a couple of years when Judy brought it to my attention as a story stock. It does appear that its gotten over the technical damage from January and H&Q has become positive on the company again. Is your opinion technical? My read from a P&F chart is that it may be entering a trading range with a bearish resistance line trending down from 21 and a support line trending up from 13 (with a top now of 19.5, the breakout point and 15 the bottom). Fundamentally (excluding what is going on in the market at the momment) I feel they have to get through one more quarter before growth starts to pick up (and forward looking now would be a good time to enter positions around 17). JMO I've been wrong before on timing but I feel we've seen the semi leadership stopped in its tracks with Taiwan and software (wind) and communications will be the next leaders. Tim

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