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Technology Stocks : Wind River Systems - Technical Analysis

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To: Ramsey Su who wrote (305)11/10/1999 12:09:00 PM
From: contax  Read Replies (1) of 431
 
>>As of today, it looks like some resistance is forming at 30 and may stay here until earnings next week. My point is if it breaks out from here, I am not sure where TA will take us right now.<<

Ramsey,

What you are seeing is a basing pattern at $30 and not a resistance, imho. The longer it stays here the better for the next inevitable move up! The MMs may try to bring the stock down to pry away valuable shares from the not so savvy investors and help fool short sellers into digging their own graves, before jettisoning the price back up.

We are going much, much higher!

Karim
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