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Technology Stocks : Paychex (PAYX)
PAYX 110.50+0.2%9:49 AM EST

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To: Jeff Bond who wrote (164)6/18/1999 7:09:00 AM
From: Jim Garrison  Read Replies (1) of 210
 
JB: Sure looks like you've got it right. I thought about buying yesterday, but hesitated with the emva's (50 and 200 day) so close overhead resistance at around 30. Think gladman has similiar price point. Probably will trigger the MACD zero xover that i use as primary signal, and i'll look again. (Maybe tomorrow, the way it's going!)

I am getting more than usual breakouts to new highs (IMO by far the best risk/reward) and xover signals and I have a fairly big investment on interest rate decreases, so I am having to pick and choose. IMO: Looks like summer rally starting.

Again, many thanks for your input - appreciate your reasoned opinions. At worst, i'll catch the next PAYX cycle <g>.
Good Trading,
jim garrison
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