Ep. 614: Two Trading Legends with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Rise and Fall of the US Stock Markets
In December of this 2012, the day at the low, I got a 13 indication, which is indicated the long term downturn of the Chinese Shanghai Index had exhausted. The announcement was made after that day, so it turned out to be into trading on December 4th. And I said, market is bottom, Shanghai Index is bottom, it's going to go up. Well, then when the market, that was on December 3rd, it was published December 4th and the market did rally. That's exactly what the market did at that time. But I said, not the one to play; there'll be one in June. So they came out with 2450 down to 1850 -
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