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

To: PMylnar who wrote (192)	4/7/1998 6:50:00 PM
From: Mitchell Jones	Read Replies (1) \| Respond to of 431

The Microsoft announcement was perfectly timed to catch WIND at its' most vulnerable point (from a technical perspective). Stochastics, which have been an excellent indicator of WIND's trading pattern, had signaled an over bought condition and would probably would have triggered a correction, even without the announcement. In addition, WIND had just broken through a resistance level and "buyer's remorse " would also have been in play -- perhaps causing a re-test of the support level. Add to those factors the 600 pound gorilla beating its' chest and threatening to enter WIND's domain and you have the perfect recipe for a price dip. How much technical damage is done depends on the next few days. If we are able to stay above $34.75, no harm at all. Below that level and we'll have to look lower for support. Perhaps tomorrow's candle will give us a clue as to the short term. I'll post if anything develops along those lines. Mitch