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Technology Stocks : Sterling Software

SSW 9.910

-4.7%

Feb 27 4:00 PM EST

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To: Dom B. who wrote (143)	8/6/1998 6:18:00 PM
From: Bwe	Read Replies (2) of 206

Hi Dom. I'm a point & figure chartist and I follow SSW very closely. Here's the latest p&f tecnicals for SSW: SSW's relative strength (RS) is very bullish and has been outperforming the Dow since 1993. That is not a typo. My chart only goes back to 1993 and the stock has not given a p&f sell signal in all that time. That's a strong stock. The closest the stock came to a p&f sell signal was in October '97 at $16 1/2, but no dice, the stock reversed course and was $20 by December. The situation as it now stands is the stock is in a column of O's (declining prices) at $25. A real negative formation would occur at $23. That would put the stock in a Spread Triple Bottom Sell pattern and the potential for a deep correction in the share price is there if the stock was to hit $23 in this down column. this would resolve this congestion in the shares to the downside if this were to occur. The first support by way of the Bearish Support Line would be at $19 1/2 and the long term Bullish Support Line is at $11 1/2. This is the worst case scenario but one tha should be kept in mind. The bullish case is a triple top formation with pullbacks. SSW needs to get to $28 to move back into a column of X's and get to $33 to complete this pattern by giving a 5th consecutive buy signal since the breakout at $18 1/2 in November. Should the market have a sustained rally, the stocks with strong RS are leaders to the upside. SSW has very bullish RS. 50 day MA: $28.22 150 day MA: $25.83 (The stock moved above this MA today, a bullish sign) 200 day MA: $24.03 The fundamental story continues to unfold in a bullish fashion. The latest eps revisions as follows: SSW: SOUNDVIEW FINL has reiterated estimate for quarter ending 09/98 of $0.41 on 08/04/98 SSW: SOUNDVIEW FINL increased estimate for fiscal year ending 09/98 from $1.32 to $1.34 on 08/04/98 SSW: SOUNDVIEW FINL increased estimate for fiscal year ending 09/99 from $1.47 to $1.60 on 08/04/98 The FY99 upward revision represents a 9% increase. That ain't hay. Good luck to all. Bruce

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