Ep. 1049: Wide Thinking with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The High of the Day
I was looking to discover something in the grains, which is, i had a midham seat. And i was going down and trading in the wheat pit. Couldn't find anything. So my eyes kind of drifted to the tea bonds, 30 year bonds. I noticed that if they opened in a basis point that was different from the one they closed in,. You'd want to go with that move and hold it overnight. That's when the bulb went off. Give me a year on this art roughly, that was 19 86. Right? It the hay dayt must have been early in 86. The rest is history for him.
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