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Ep. 109: Richard Russell and Dow Theory with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Predictive Technical Analysis

Dow Jones average is now above the 2011 all time high. Richard Russell's been around for a long time and many people that know of technical analysis think of Dow theory and Richard Russell. I saw him speak once in San Diego and I did follow his writings some in 2009 and 2010. But he got it all wrong and he was calling for the end of the world. If he would have followed his advice because he wasn't a trend following trader, he was using subjective discretionary views on what he thought the markets were doing or might do.

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