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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (82351)	2/9/2000 3:03:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

SIFY.. was just up 2 now up 4 3/8.. The Magic of the 20 Day Moving Average Breakout. SIFY was a watch list post on January 31st. It was below its 20 day moving average. The moment that SIFY bounced off 46, its 20 day moving average on February 2nd, it triggered a buy signal. Now its trading at 59, just a few sessions later. You dont need fancy buying signals with 'catchy names' or secrets from daytraders..etc. All you need are some basic trading strategies that include support/resistance lines, a trend indicator like the 20 day moving average is ideal. Then when your stock breaks it, you can add volume, oversold/overbought indicators on the 15 minute charts. What we have to do so we don't miss plays like TENF and SIFY is have our recent earnings plays and watch list plays on a software program like ESP and/or have put in volume/price alerts on them. I missed both SIFY and TENF as well but it was more a result of nursing other trades than buy/sell signals. This point will definitely be a focus for our service. Its a shame to miss an excellent stock that was a good trade previously. I don't like 'news' stocks that we don't know of in advance and buy off 'news'. These plays tend to give back rather quickly and how do you decide which news items are worth a buy, with so many headlines thrown at you throughout the day? I only have news on my database stocks, I don't have the time to sift through new news daily. For this reason we need a database of 'proven and past trades' with a track record (i.e. earnings plays that beat estimates or otherwise accelerated earnings) that just repeat and repeat. 6> SIFY - SATYAM INFOWAY LTD .DSE Price= 41.8 VL/30= 88.0 %Rnge= 95.0 Sto9V= 29.5 W14dV= N/A %Hi4 = 75.2 1-Dy = 112.8 50MA = 110.8 21MA = 93.9 An old favorite that fell on bad times. SIFY always a winner has pulled back with a low stochastic and trading below its 20 day Moving Average.