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


To: gladman who wrote (167)6/17/1999 5:22:00 PM
From: Jeff Bond  Read Replies (1) | Respond to of 210
 
DAY 4 - 10.6% and counting ...

gladman,

Glad to see you man, I was wondering if I was going to be partying here all by myself :o)

You want to school me on the ADX, ADXR, +/- DMI technical indicators I'd be all ears. I know they are useful, developed by Wilder, but thats about all I know about them. Maybe if you can explain in terms of current PAYX chart what looks "right" I could understand it better. Would appreciate it much, thanks!

Is this not one of the most "perfect" ascending triangles beginning to form you've seen in a while, it is for me? I've been all over this one since 06.10.99, and am now 8.9% to the good for my troubles. Where I come from thats a nice profit for 5 days worth of trading.

Agree on $30 breakout, no magic volume yet, and the pressure is building. I thought today was characterized by an absolute reluctance to see price below $29. Looking at today's intra-day chart, it is one of the strongest days of support (at $29) I can recall.

Best wishes to all PAYX longs, I'm going to climb aboard for a bit, and join you for the ride. See ya at $36, choo choo :o)

Regards, JB