SYNTEL (SYNT) - Upcoming Year 2000 IPO Message Board

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Technology Stocks : SYNTEL (SYNT) - Upcoming Year 2000 IPO

SYNT 40.99

0.0%

Oct 10 5:00 PM EST

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To: Stephen who wrote (2345)	1/5/1999 6:41:00 AM
From: R. Bond	Read Replies (1) of 2761

Stephen, Where are ya'? SYNT has just experienced a rapid breakout causing a double bottom formation on the daily chart. Volume is in an uptrend, it bounced up from the 10-day MA and almost hit the 50-day MA (rather it hit a resistance point on the weekly chart). If it goes up from Monday's close it will be in a new trading range, having spent only one day in the present range. It has to get above 14.25 to start looking bullish on the weekly chart, IMHO. That would break the present 14-day MA and an important trendline. Still looking for some action above 15 though. If it goes up, next resistance will be around 17.50. As we know, the MMs like that point. Maybe this stock will begin acting somewhat normally and the overall market will give us a clue to direction as well. Cheers, Bond

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