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

To: Mitchell Jones who wrote (55)	10/25/1997 11:11:00 PM
From: carolyn walder	Read Replies (1) \| Respond to of 431

Mitch - I am not as worried as I would be if this were the beginning of Sept or Oct. Earnings are less than 4 weeks away and that is usually a catalyst to bring the stock up. I would expect that WIND will follow its usual pattern of rising up prior to earnings for a high on the day of the earnings announcement and then a selloff when they only beat estimates by a couple of cents. Of course all bets are off if the "crisis" in Asia sparks a prolonged downturn. I listen to a business radio station in the Washington D.C. area and several talk show hosts with good reputations in TA feel that there is more downside in the market through the end of Oct. At that point it is thought that we may have made a bottom and it will begin a rally, possibly through the year end. If they are right then that, coupled with forthcoming earnings should lessen the possibility of a break through 37. Here's hoping we are right! Carolyn