Ep. 1029: Michael Covel Interview on Trend Following Radio
Michael Covel's Trend Following
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You Don't Change Your Strategy Based on Bearishness or Worries About a Highly Speculative Market
This represents, in a way, the topping process that took something like two years. If you look at all the sectors of the s m p 500, they topped over a period of two years during the dot com boom and bust. On the other hand, this pros nows, who knows. The extremes of this could go up another hundred %, like 19 99 nasdak. But we definitely agree though, you don't change your strategy. You have one to begin with,. Don't change it based on bearishness or worries about a highly speculative market.
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