Ep. 418: Everyone is a Closet Trend Follower with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Technical Analysis
On rise, sunset, price is change and with them the truth itself. Everyone knows this but many have not come to terms with it yet. It would hurt their career to admit that buyers and sellers will pretty much lead the way. Fundamentalists will believe in technical analysis but only temporarily. You'll hear people who analyze balance sheets and income statements start to use the term oversold when uncertainty strikes.
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