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

To: MONACO who wrote (223)	6/9/1998 11:41:00 PM
From: J. Kerner	Respond to of 431

M, Hopefully you're right but it certainly doesn't seem so. There was a lot of selling into yesterday's rally. I think patience is still in order. An upgrade from H&Q or DMG would help tremendously.

To: MONACO who wrote (223)	6/9/1998 11:44:00 PM
From: Rick Slemmer	Read Replies (1) \| Respond to of 431

Monaco: I dunno about that. Classical TA tells us that WIND's path of least resistance is south. The declining 50-day MA (hit yesterday) provides resistance to any significant upmove, and if WIND falls below the declining 21-day MA tomorrow, the stock is destined to retest its support at 31 and change. Money Flow has been negative and getting worse since mid-April. Relative Strength is abysmal, and On-Balance Volume is dropping fast. Yesterday's action was someone's attempt to prop up the price and get more fish in the net. It didn't work; when investors saw the stock move up over two points on no news, low volume, and against the trend, they placed orders to bail out today at the first sign of weakness. WIND may recover to the high 40s again, but not for awhile. Too many people are selling at the bid. Good luck! RS