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Technology Stocks : Wind River Systems - Technical Analysis
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To: dylan murphy who wrote (130)2/18/1998 12:46:00 PM
From: Mitchell Jones  Read Replies (2) of 431
 
WIND's support and resistance are converging. I presently see support at about 32 1/2 and resistance at about 37. At the present rate of convergence, it appears the they will come together in a week or two.

This pattern can resolve either up or down,but resolve it will and likely with a significant move. Knowing no fundamental reason WIND should tank( and being slightly prejudiced), I believe we will see a major breakout to the upside in the near future.

I won't bet the farm, but I might hock a tractor or two.

Stephen,if you still monitor this thread, I'd appreciate your opinion on this.

Mitch
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