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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 Difference Between Bull Markets and a Secular Bull Market

Dow theory is quite subjective. Trend following on the other hand is the reactive technical analysis. It is simply following the price. If the market's up your long, if the market's down your short, there's no other subjective interpretation. This is an Elliot wave. It's not Dow theory. I think being in the market is justified under Dow theory. Who knows? You'll never know until after it's over.

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