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Technology Stocks : Wind River Systems - Technical Analysis

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To: Mitchell Jones who wrote (63)10/30/1997 1:10:00 AM
From: Mitchell Jones  Read Replies (2) of 431
 
WIND failed to deliver a gain today in spite of it's promising candle of yesterday. The same is true for MSFT,INTC,QCOM,DELL,CPQ and many more.Although none of the mentioned stocks produced particularly negative indicators today,the failure of all of them to deliver positive gains after bullish engulfing and piercing line patterns yesterday speaks volumes for investor confidence (or lack thereof).

The point is that investors are wary and still searching for answers (Ramsey is even posting on the Kahuna Loony board,in spite of my warning).Until the dust settles and tests are done the comfort level won't be very high.

Mitch
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