RE Trend Analysis.
IMO, if you look too hard at Intra-day trading, you can miss the FOREST for the TREES.
All this hair-splitting about whether individual trades are buys or sells
looks irrelevant to me. Who cares??
Intra-day trading history is the trees, and branches, and twigs.
Here's the FOREST and, sad to say,
the TREND in this forest is definitely DOWN:
Drefus HISTORICAL PRICING
tradepbs.com
- DATE - CLOSE OPEN HIGH LOW VOLUME
11/28/97 12.750 12.875 13.000 12.625 178,300
11/26/97 12.625 13.000 13.000 12.500 235,400
11/25/97 12.625 13.500 13.500 12.500 210,800
11/24/97 13.125 13.875 14.000 13.000 195,300
11/21/97 13.938 13.875 14.000 13.750 59,100
11/20/97 13.750 13.875 14.000 13.750 92,800
11/19/97 13.875 13.750 14.000 13.563 76,700
11/18/97 14.063 14.500 14.500 13.938 149,800
11/17/97 14.063 14.125 14.375 14.000 131,700
11/14/97 14.000 14.094 14.250 13.313 214,500
11/13/97 13.750 14.125 14.250 13.750 154,900
11/12/97 14.000 14.750 14.750 13.750 238,900
11/11/97 14.625 15.000 15.000 14.625 95,000
11/10/97 15.000 14.875 15.188 14.688 141,000
11/07/97 14.563 14.125 14.875 13.875 144,600
11/06/97 15.063 15.125 15.375 15.000 104,900
11/05/97 15.250 15.188 15.500 15.000 196,400
11/04/97 15.063 15.438 15.438 14.938 179,500
11/03/97 15.438 15.000 15.625 14.750 151,300
10/31/97 14.625 15.000 15.625 14.625 331,100
10/30/97 14.938 14.750 15.125 14.375 210,300
10/29/97 15.000 15.375 15.500 14.750 230,300
10/28/97 14.750 13.625 15.063 13.500 656,900
10/27/97 13.813 14.750 14.750 13.500 672,100
10/24/97 15.000 16.500 16.500 14.875 303,500
10/23/97 16.250 16.125 16.500 15.625 418,000
10/22/97 16.563 16.875 17.000 16.500 248,500
10/21/97 16.938 16.625 17.000 16.500 621,100
10/20/97 16.500 17.125 17.250 15.500 883,800
10/17/97 16.063 17.250 17.250 15.688 355,600
10/16/97 17.375 18.000 18.375 17.250 310,600
10/15/97 18.188 18.188 18.375 18.125 215,900
10/14/97 18.313 17.813 18.500 17.625 388,800
10/13/97 17.688 17.250 18.000 17.250 293,400
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