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Technology Stocks : Wind River Systems - Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: contax who wrote (281)	10/15/1999 12:30:00 AM
From: contax	Read Replies (2) \| Respond to of 431

Hello Greg, Todays price action in WINd leads me to believe that it was a prelude to a rapid acceleration in it's valuation. According to Point and Figure charting system, WINd is getting ready to assault the double top that has formed at the $20 mark since the middle of September. Today, WINd printed $19.75 on an intra-day basis. If it prints $20 on an intra-day basis, it will have broken a double top and the printing of $21 will be a break of a triple top. An extremely bullish sign. (The top is signified by the highest point of a column of "X") 34 34 33 33 32 32 31 31 30 -* ------------------------------------------------------------------------30 - 29 * 29 28 * 28 27 * 27 26 * 26 25 -X --------* --------------------------------------------------------------25 - 24 3 O * 24 23 X O * * Top23 22 X O X * * 22 21 X O X O X * 21 20 -X O --------X --X O X O * ----------------------X --X --------------------20 - 19.5 X O X O X O X O X * X X O X O A X 19.5 19.0 X O --------X O X O X 6 X O * --* ----------X O X O X O X O X ------------19.0 18.5 X O X O O O X O X * X * X O X O X O X O X 18.5 18.0 X O --------X --------O X O X O X O * ------X O X O X O --O ---------- Med18.0 17.5 4 X O X O X O 7 O X * X O X O X * 17.5 17.0 --O --------X --------O --O --O X O X O * --9 O --O ------* --------------17.0 16.5 O X O X O X O * X * 16.5 16.0 --O --------X ----------------O --O X O 8 --X --------* ------------------16.0 15.5 O X X X O X O X O X * 15.5 15.0 --O X O X O X --------------------O X O X O X ----* ----------------------15.0 14.5 O X O X O X O X O O X * 14.5 14.0 --O X O X 5 ----------------------O ------O X * --------------------------14.0 13.5 O X O X O * 13.5 13.0 --O X O X --------------------------------* ------------------------------13.0 12.5 O X O X Bot12.5 12.0 --O X O ------------------------------------------------------------------12.0 11.5 O 11.5 11.0 -------------------------------------------------------------------------- Also if you look at this chart, it shows WINd in a "flag" formation. Once a stock breaks out of this formation the move is usually an explosive one. If you look at a conventional chart of WINd dating back to May of this year, you will notice that it has formed what William O'Neil of Investor's Business Daily calls a "cup and handle formation." He says that when a stock comes out of this formation, the move is also very explosive. All the above patterns that I have discussed, point to a heavy accumulation of WINd's stock. Now if we take into account all the recent bullish news that has come out on WINd, then all these chart patterns corrobarate it's strong fundamentals. I believe that WINd is about to break out. And the breakout confirmation will come when WINd prints $21 on an intra-day basis. I have a strong suspicion that it is about to do just that. And if I am correct, then we are in for one hell of a joy ride... Best of luck to all, Regards, Karim