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help with trendlines



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<DIV><FONT color=#000000 size=2>All,</FONT></DIV>
<DIV><FONT color=#000000 size=2>&nbsp;&nbsp;&nbsp; An interesting week in which 
I was stopped out of my SEG and RDC positions.&nbsp; That leaves me with CHB, 
CPU, DHIYX, IOM, NPD, OSU, and SPF stock.&nbsp; I'm also short covered calls on 
IOM and have TRV and MADGF LEAP calls.&nbsp; I'll be watching IOM during the 
week to close out the covered calls on any weakness.</FONT></DIV>
<DIV><FONT color=#000000 size=2>&nbsp;&nbsp;&nbsp; The indices moved mostly 
sideways, but a little up.&nbsp; It sure is looking like the correction is 
indeed over and we should have at least a couple of months of a good up 
market.&nbsp; That would mean it's time to play the momentum game again.&nbsp; 
Of course I've been wrong before and I'll be wrong again &lt;G&gt;.&nbsp; I am 
still cautious enough that I'm only going to add one new position a week for a 
while.&nbsp; This week I like Paychex Inc (PAYX).&nbsp; It provides computerized 
payroll accounting and employment services to small and medium sized businesses 
nationwide.&nbsp; The story here is that more and more medium and small 
businesses are starting to see the advantage in out sourcing this part of their 
business so they can concentrate on their product line.&nbsp; Therefore PAYX's 
business has grown rapidly and should continue rapid growth for the foreseeable 
future.</FONT></DIV>
<DIV><FONT color=#000000 size=2>&nbsp;&nbsp;&nbsp;&nbsp; PAYX at 41 is in a 
Short Term Up trend Channel (STUTC) with the top at 46 and the bottom at 
39.&nbsp; It had a CANSLIM type breakout to a new all time high on 11/20/97 on 
good volume.&nbsp; It hit a high of 45 3/8 the next day and then fell back to 
Friday's close which is slightly below mid channel of the STUTC, a little below 
the breakout point, and about in the middle of a multi year long term up trend 
channel.&nbsp; I also got a MetaStock ROC,ADXR,S/C profit system test buy signal 
on 11/24/97.&nbsp; Hopefully, the indicators will be right and this will be a 
good buy signal &lt;G&gt;.&nbsp; The fundamentals look good except that the 
Price/Sales at 5.77 is higher then I like.&nbsp; There is no debt, 34% return on 
equity, 27% insider ownership, and revenue growth of 30% and earnings growth of 
35% last year.&nbsp; The three and five year averages were also as good or 
better for good consistency.&nbsp; I'm going to open a position Monday if the 
market looks OK.&nbsp; I'll set the target at 59 which is just under the top of 
the multiyear channel (dashed gray line) and the stop just under the STUTC at 38 
3/4.</FONT></DIV>
<DIV><FONT color=#000000 size=2>&nbsp;&nbsp;&nbsp;&nbsp; I'll send a PAYX.GIF 
chart to everyone on the email list.&nbsp; If you're not on the list and want 
on, just yell.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
<DIV><FONT color=#000000 size=2>Jim&nbsp;&nbsp;</FONT></DIV>
<DIV><FONT color=#000000 size=2>&nbsp;&nbsp;</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sat Nov 29 17:17:36 1997
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Can someone please tell me the custom formula for Linear Regression
Trendlines in Metastock?  Thanks a lot!

Anthony