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Ep. 185: Tom DeMark Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Chart Analysis

I try to be very clear, at least in one of the crepuses I can't remember which book I said, a chart is just a chart artist. And if you rely upon charts and solely charts in your interpretation, you're going to fail. There's really three levels of chart analysis, I call it rather chart artistry. The third level is creating systems. And all my work is on the indicator level. So it's important if someone is getting into technical analysis,. But I try to time the market and trying to identify exhaustion. Because usually if you buy into a load, you can always bail yourself out. If you buy into strength, your sacrifice error, forfeiting

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