Darvas Short on PAYX The stock did indeed breakdown below the $25 level and that would now become the stop loss for the trade and the top of the new box. If PAYX did indeed move back above $25 and on Strong volume, as it did in Dec back above $27, then that would be the Darvas signal to go Long and use the $25 support level as a stop loss. For now the Short could be carried down to the previous support level near $24 and then monitored to see if that will hold support and indeed become the bottom of the new box or not. Since we are not sure where PAYX will find support the previous support level would be used. JMHO on how to use the Darvas method in any type of trend :^)
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