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Technology Stocks : Safeguard Scientifics SFE

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To: michael r potter who wrote (4145)	4/6/2000 9:13:00 AM
From: Allan Harris	Read Replies (1) of 4467

A mixed bag from my toolbox. Needless to say, price collapses do not usually support bullish chart patterns, but I am somewhat surprised to see that in the aftermath of a 50% decline, that my Advanced GET pattern is still showing a bullish wave count, still targeting 130-180 before a completed five wave advance. The current Wave 4 should have ended in the low 40's, but I suspect that my internal wave count will not tolerate much more weakness before flipping bearish. Point and Figure is a mixed bag, longer-term Sell Signals coupled with a shorter term Buy on Wednesday. But P&F says that the Internet sector is washed out and any strength from here would trigger a major Buy Signal for the sector. A

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