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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Jdaasoc who wrote (8859)	12/11/2000 4:11:46 PM
From: Logain Ablar	Read Replies (2) \| Respond to of 30051

Hi John: We'll SSTI usually trades in tandem with SNDK on a 1/3 to 1. SNDK is up 15+. I would expect this to make the shorts in SSTI a little antsy. When SSTI breaks $17 my next target is 24, 30, 35. I do expect $24 when they preannounce earnings and raise expectations. Not sure if we see $30 or $35 in this market. Good choice with SNDK. As for the S&P I do expect a run towards 1,500 but not sure if we get there. I think the 1415 this week is asking a lot but with a change in market sentiment its doable. Just remember this is the rally to sell into. It should fail just about when the FED meets in January. Of course things can change between now and then. Tim