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

To: Peter Church who wrote (250)	10/8/1998 8:16:00 PM
From: Mitchell Jones	Read Replies (2) \| Respond to of 431

Peter, I simply don't believe Technical Analysis is of much value in in a market as fraught with fear, uncertainly, and dread as is the one we find ourselves today. I have long ago exited all positions except those in which the fundamentals seem so clear that I am comfortable no matter what day to day upsets occur. WIND has not violated support -- even though we saw 28 on an intraday basis, WIND closed above the 34 support level. The only violation has been of the 42 resistance level on her run to 51+, so, while the trading range has widened, we are still OK. WIND is still in a market which is growing at 30 to 35% per year; she is still the dominant player in that market; she still has intact a fantastic management team; she is still increasing market share; her products are improving at a remarkable rate. Can the stock price go to $20 from here? Depending on market conditions -- yes. I think it is far more likely she will return to the high 40s or low 50s as we sort out solutions to the crisis in world markets today. I am not even concerned that Jerry Fiddler had his picture in Wired Magazine. I won't sell until he is on the cover of Time ( or maybe Sports Illustrated)!! Mitch