Ep. 369: Market Predictability with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Shanghai Composite's Slow, the Cast Takes
The Shanghai composite's short-term 34-day moving average, that's the red line, has now crossed below its longer-term 55- day moving average. Colin says this is a sort of Chinese equivalent of what chart is here called the death cross. The bounce over the past couple of weeks took the Chinese market back up to the 38.2 retracement level where it peaked again before Sunday nights break down.
Play episode from 11:04
Transcript
