Thursday, March 25, 2010

BIDU Weekly - Update

In early January I posted this analysis of trading BIDU based on a very effective Weekly Trend Model.  Here is a follow-up, although there isn't much more to say:

First, the original chart using default Trend Model settings:

The latest signal under the old settings was a BUY on February 12, 2010 @ 488.00.  With BIDU currently at 608.50, that is a gain of about 25%.  

Below the Weekly chart using current Trend Settings:

You can see with slightly higher internal settings, the chart avoids the early 2010 whipsaw.  In either case, this Weekly Trading System has proven to be very profitable over the past few years.

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