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Technology Stocks : Paychex (PAYX)
PAYX 112.65-1.0%Jan 12 3:59 PM EST
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To: Jeff Bond who wrote (177)6/22/1999 10:35:00 AM
From: gladman  Read Replies (1) of 210
 
Morning action... shake out for the first 20 minutes.

ha,ha,ha,ha,ha..... bounced from a low of 28 to 29 1/4. Clearly an attempt to shake the weak. Basing nicely at 29.

My technical outlook as of 10:25-

+DMI just crossed over -DMI bullish, need ADX to upturn
Relative Strength uptrending & Stochastics uptrending, highly bullish strong sign when they both agree.
OBV uptrending, MACD still uptrending from recent breakout.

Wishfull thinking - good news around the corner(besides earnings)

Dave
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