Wednesday, June 16, 2010

DNDN

DNDN remains on a Daily Trend SELL from early May @ $47.60:


This represents the essence of Trend Following, at least the way this particular algorithm works.  No big move, up or down, escapes capture.  In this case, about double the amount of Buy & Hold points.  The trend line holds the key and each day a new reversal number represents the location of the trend line.  For today, that reversal level for DNDN is $41.32.