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Technology Stocks : Safeguard Scientifics SFE

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To: michael r potter who wrote (2975)	5/27/1999 2:28:00 PM
From: Teflon	Read Replies (1) of 4467

michael, that's an easy article for the Journal to write while the NASDAQ has continuously sold off for the past two months. I would suggest, however, that this is a momentum issue. And when there are two to three consecutive days of positive momentum in the tech/internet sector, the positive bias and money flow will return. This return will be swift and sustained. The NASDAQ is near to completing its consolidation. The DOW has some significant downside left and the cyclicals will sell off quickly. We are already seeing AA (the cyclicals) and comodity prices selling off with the potential for higher interest rates. I will not miss the ride up. Teflon

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