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Strategies & Market Trends : today's chart

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To: gonzongo who wrote (2)	10/23/1998 2:56:00 PM
From: MechanicalMethod	Read Replies (1) of 1267

Gonzongo! You have message number 2 on this thread, there's good reading from the begining and I'm enjoying it. I started watching ADP this week because it took a big dive and is due to recover some perhaps. If they don't go out of business. Yesterday they released news they lost big time last Q. I didn't read it and haven't looked into it's financials. It's taking the news well and has set a 13 day high today of 8.25. I've thought if it could get over 8.25 it would confirm the 10/9 higher low with a higher high. From there I'd be trying to guess where to enter on a dip, the closer to the lows the better, but it hasn't signaled the higer high yet. Volume today is 15k or so and extremely thin lately, spread is .12, although I might have seen .37 on this one. Pardon the repeat of the link, it's my original thoughts on a possible trade in ADP. I'm only watching ocassionally as time permits to see what I can learn by observing it's movements. exchange2000.com Osci

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