Ep. 678: A Peaceful Easy Feeling with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Battle of Fundamentals
I imagined going back to the Waterloo days and you got Napoleon and Wellington up on the hills, watching their armies down in the valley. I thought of that was my picture for what goes on in the marketplace. There's lots of people doing lots of different things and some of them are buying and selling. They all think they know what they're doing and they're doing it for a reason. But the sum total of all of that is where the price ends up or in the case of the battle, where the front line is.
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