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

To: carolyn walder who wrote (85)	12/11/1997 11:55:00 PM
From: Mitchell Jones	Read Replies (1) \| Respond to of 431

Carolyn,WIND has been caught in the general market malaise associated with the Asian problems and neither TA nor Candlesticks can be of much help.The fact that WIND is probably as insulated from that situation as a stock can be has little to do with the realities of the market..she gets hammered anyway. Couple that with my last post on this thread,and the short term is murky. WIND bounced off support @36.25 and closed at 37 today, forming a candlestick hammer.This pattern,occurring in a downtrend,has proven to be (under normal circumstances) an excellent indication of a short term bottom.If she were to gap open tomorrow,a short term bullish signal will have been made. This is one of my favorite candlestick signals and one on which I would bet my Gull Wing Mercedes... in normal times. I will watch the open with great interest tomorrow and if WIND gaps open the temptation will be great to pick up a few shares for a probable run to 44 or 45. Mitch