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Technology Stocks : Paychex (PAYX) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Bond who wrote (162)	6/16/1999 6:00:00 AM
From: Jim Garrison	Read Replies (1) \| Respond to of 210

JB: You got that right on the MACD xover - i saw it this am. I do MACD histogram on all that i own and current short "watch list" every am. For this MACD configuration, I've found for me it works best to not trade the signal, but wait for an uptrend in the histogram (especially off the bottom and not a zero line crossover). I also use volume as a confirming indicator - looking for a breakout or at least an uptrend. My read was ok but nowhere near confirming a buy. Especially with anemic total market volume last few weeks pending fed action. IMO the price is trying to break a sharp downtrend (i.e. bears have been winning) and one day does not a trend reversal make. Using my knife analogy, looks like it might have hit ground, so i'll be watch for some confirmation. BTW: Value Line downgraded from 1 to 2 back in february. I ignored Navalier's sell (altho i subscribe) based on the quality of the company - so i kept tracking. Good trading, jim g