Tuesday, February 25, 2003 6:21:40 PM
PAYX really put on the moves today
You can use the grids on the chart as the Boxes between 24.50, 25 and 25.50 and see where the breakouts and breakdowns could have triggered some good intraday trades. I really like the EOD move where 25 held support, which would have been right at the bottom of the 25 - 25.50 box. It is not on this chart but the Volume spiked on the 2 PM breakout of $25 and again after it held support. The Darvas method can indeed be used with any timeframe IMO. Notice where the SMAs also changed from resistance to support? Either method for triggering a trade should work :^)
You can use the grids on the chart as the Boxes between 24.50, 25 and 25.50 and see where the breakouts and breakdowns could have triggered some good intraday trades. I really like the EOD move where 25 held support, which would have been right at the bottom of the 25 - 25.50 box. It is not on this chart but the Volume spiked on the 2 PM breakout of $25 and again after it held support. The Darvas method can indeed be used with any timeframe IMO. Notice where the SMAs also changed from resistance to support? Either method for triggering a trade should work :^)
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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