SCOTTSDALE, Ariz., March 23, 2011 /PRNewswire/ -- Allantrends, LLC today announces its expansion of coverage to include Energy Select Sector ETF SPDR ("XLE") as a new addition to the trend model profile portfolio of "Market Trend Models". The firm is headed by Allan P. Harris whom left the practice of law more than 20-years ago to pursue his passion for trading stocks, especially in mechanical pattern recognition models that led to the discovery of a proprietary trend following algorithm that has generated returns of up to 634% for subscribers of his newly published newsletter available at www.allantrends.com as well as his personal trading accounts and private managed fund clients.
His proprietary mathematical formula identifies dominant and tradable market trends. The algorithm approaches the portfolio security with an objective, non-emotional rule-based discipline for entries and exits, working along with a secondary comparative element that brings into play structures based upon Fibonacci and Elliot Wave Analysis.
About Allan Harris
Harris is not new to the media spotlight and was the publisher of the popular public AllAllan blog site for six years bringing him notoriety not only as a popular stock picker and market timer, but also as a prolific observer of the human condition. The combination of market analyst and life philosopher made him an Internet sensation.
Harris gained a greater following in a series of articles during the 2008 market debacle when Harris took CNBC 's Jim Cramer to task for what he considered irresponsible, self-serving and misleading promotions of Cramer's own record and his subscription services.
Mr. Harris publishes his newsletter from his office in Scottsdale, Arizona and also has a subscriber services location in Lakewood Ranch, Florida.
SOURCE Allantrends, LLC