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Technology Stocks : Safeguard Scientifics SFE
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To: michael r potter who wrote (3029)6/4/1999 4:16:00 PM
From: Michael Young   of 4467
 
I will certainly admit I'm no TA expert either. I've just heard that a lot of traders/hedge funds use a bearish crossover in the weekly MACD as a signal to exit. Especially in the case of SFE and many, many other nets which have been MACD positive since last fall.

In my mind, stocks like CMGI and SFE are linked to the health of the internet IPO market. That looks ominous in the near term.

MIKE
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