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Technology Stocks : SIEB Siebert Financial Brokerage
SIEB 2.740-1.8%Nov 3 3:59 PM EST

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To: Sun Tzu who wrote (255)4/19/1999 11:39:00 AM
From: James C. Mc Gowan  Read Replies (1) of 284
 
SUN: this AM bought at 29.75 and sold w/in 4 minutes at 30.5; held a small amount of shares to see if this bounce off support at 29 is for real/ btw are you familiar with the Point and Figure charting method;
they did an analysis of SIEB over this weekend and called for 1st support at 33 and strong support at 29; interestingly their price objective was off the chart, they could not count it and only noted the last high at 58
Today SCH and smaller I-brokers are weak; still looking for signal that this support at 29 is going to hold; if it bases interday at this level, as it seems to be now, may look for another trade btw 29 and 33 levels
Don't have Level II, but I will be getting this within 2 weeks, it's highly recommended by astute traders
(Pand F on SI Posts #18366 and 18344)
Good luck today
James
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