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

To: michael r potter who wrote (2296)	3/9/1999 11:12:00 AM
From: Allan Harris	Read Replies (3) \| Respond to of 4467

I had previously suggested that 41.5 was required to break out of the descending Wave 4 trend regression channel and set up a run toward 65. That channel has been sloping downward for a week, so that as of last night, SFE closed just on that top channel line at just above 38. So far today SFE has confirmed the breakout, trading north of 39. As long as it holds up here, we have a Wave 5 BUY Signal. Initial target for this move remains 65, with a stop under 35-36. A