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Technology Stocks : Siebel Systems (SEBL) - strong buy? -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (1998)7/30/1998 12:19:00 PM
From: Melissa McAuliffe  Read Replies (1) | Respond to of 6974
 
Michelle, I know you meant to say support. I guess we all got so used to looking for resistance that it's hard to make the transition to looking for support. But I sure hope these days end soon.

Anyway, I'm having a really hard time reading this chart. So if there is anyone who can provide this number I'd really appreciate it. It looks to me like the next support level after yesterday was 25 3/4~ (which we hit today) but I can't figure it out after that. I'm not even sure that's right. I'm gettting a headache looking at these charts so any help is appreciated.

The only thing I know is that if we keep hitting a new low every day and not exceeding the previous day's high things don't look so good for the short term since we are decidedly in a downtrend here. I just hope it ends soon (on this and all the software stocks that are getting hit these days).
Melissa
Melissa