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Technology Stocks : Safeguard Scientifics SFE

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To: Allan Harris who wrote (2297)	3/15/1999 6:17:00 PM
From: Allan Harris	of 4467

In earlier posts I had suggested an initial target of 65 for this move. In light of the events of the past few days, I would like to expand on that view. I use a number of different pattern recognition techniques to project targets and stops, including Point & Figure, Elliott Wave and Fibonacci Extensions. I also use Daily, Weekly and even Monthly charts to confirm patterns. Last week triggered several new BUY signals with new targets. Point & Figure generated a BUY with a target of 81, using a vertical count. The Weekly and Monthly Elliott patterns are now suggesting a move to 90-110. These are longer term projections and don't necessarily suggest a straight line move to those levels. My stop would be the lows of last week and as SFE progresses toward those targets, that stop will be raised. A

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