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Non-Tech : The Critical Investing Workshop

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To: Dealer who wrote (32165)9/7/2000 11:13:46 PM
From: Jim Willie CB  Read Replies (1) of 35685
 
TA on SSTI, SNDK -- how bout a buying/ trading/ target range?
a little on the vaguery side, so that would cover it
eh, Belle?

SSTI: this guy is all over the road
got a possible Cup&Handle forming the rightside handle now
nice bounce today, after reacting to Moving Avgs yesterday
MA's bunched at 27-29
nice entry point is and was just that, say 25-29

trading without any breakdown or breakout could be in the range of 25 to 34, as seen in recent swing maneuvers

any breakout above 35 might quickly take it to 39-43 range
I base that on a tilted Cup&Handle formed below a trendline

SNDK: it was in the midst of a nice breakout on increased volume
now it is pulling back, making up its mind
found some support yday at 82, where buying support happened last week
difficult entry point up here after breaking out
real shorterm trade might enter at 80-85
safer entry point might be back toward MovAvgs at 70-75 if offered

hard to define any trading range during a breakout response
you got a vulnerable gap at 75-80
not a formal technical gap, but still gappy there
75 was prior peak on a few occasions, while 80 is recent support
I would say trading without causing alarm would be 75 to 90

the two recent momentum swings were from 55 to 75
nice little rolley coasters
that indicates a 20-pt potential during swings
and it points to a 95 target upon any breakout, ie 75+20=95
see how the 95 target was essentially reached???
I suspect a retest of 95 might occur
target range is just what was witnessed, say 93-96

glad to return the favor
I appreciate your sending the Lauderdale exotic dancer calendar last week
I wont ask how you obtained it for me
/ JW
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