Ep. 379: John Casti Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Value of Elliot Wave Theory
Mike Downey: Bob Prector, my podcast, I'm going to have to get him on. He likes the Elliot Wave principles for giving you insight into how the financial markets are likely to move in the future. But he thinks that Elliot Wave theory is okay from the standpoint of a topological indicator of the market movement but it's actually very, very weak in the single most important aspect and that is timing. It doesn't give you much indication whatsoever about when certain things are more or less likely to happen. You can become very poor by waiting for those waves to fulfill their destiny. And if you think about human social events in general and that's something that I'm working a
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