Ep. 614: Two Trading Legends with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The US Stock Market on October 4th, 2011
On October 4th, since the April 29th 30th peak in 2011 at that high above 1364 on the SME, I hit my price objective within two points. The market declined as I thought it would - even though there's nothing certain. But just like in 2006 and even 2009, off those lows, we got indications of the market. It went down, point the lower where I forecast. We're seeing the reverse of that right now, by the way. You're talking about, if you're a US stocks? No, I'm talking this about China. This is all really your China.
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