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Technology Stocks : SIEB Siebert Financial Brokerage -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (234)	4/14/1999 4:46:00 PM
From: James C. Mc Gowan	Read Replies (1) \| Respond to of 284

Sun Tzu: I am reading your recent posts with interest, as I have been daytrading and short term position trading SIEB for the brokerage earnings play, E-trade growth news, etc. What clues do you look for to spot bear trap/bull trap? Are there technical indicators you follow, or your experience trading the stock/sector. I have been following the leader, SCH and NBD also as intraday indicators of price direction for SIEB. :Put in an overnite sell order at 55 yesterday and hit(luckily) 58 7/8 fill near open; bought again today at 43 and 45 and I'm looking for good sector earnings reports for a boost to 48 or so tomorrow for part of shares and hold remainder if interday trending is strong, to 55 range(I'm an optomist) I'm sure you noticed today that after the spike in AM to 58 the panic selling brought it down to 40, which is exactly where it closed today. When I saw this downdraft, I noticed yesterday's low was 39 1/4, so it did hold this level today at close I like your choice of buy points posted earlier. Good luck, I'll be watching SIEB closely tomorrow James