Ep. 614: Two Trading Legends with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Closed Communities in the Markets
The last dumb seller sold and there's a vacuum. And markets go up initially. So I'm a firm believer that each market, and more so now than ever, industry groups should be contained. Back in 1934, the before May Day, high volume day was 10, 10 million shares. We used to close down on Wednesdays because markets did more than 10 million Shares.
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