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Technology Stocks : Safeguard Scientifics SFE -- Ignore unavailable to you. Want to Upgrade?

To: still learning who wrote (2279)	2/18/1999 5:29:00 PM
From: michael r potter	Read Replies (1) \| Respond to of 4467

Sometimes the extent to which stocks "obey" moving averages and fibonacci numbers is quite surprising, even to those who believe they have merit. The inflection point in SFE's pullback where it could start a rally from was targeted as $38 3/8 . It touched $38 1/2 yesterday, rallied weakly, then retested $37 1/2 again and held firm, from which point it commenced a rally worthy of the name. For those who did buy in the $37 1/2- $38 range, the trade now has breathing room. For those buyers that had small children to take care of and had to leave for the rest of the trading session, started having doubts, and decided to just kill the trade instead of putting in a stop at $38 1/4 while absent [which wouldn't have been hit] like they were supposed to and missed out on the subsequent rally, well gggrrrrr--booo--shame shame--bad boy. Hope you did what I said, not what I did. P.S. The kids enjoyed the pizza and games. grrrr Mike