Michael Covel: The Goal is Money

[BZCAPMOOR]

@jimbob77784 There are always more people trying to pick bottoms and tops. Just the way it is. If net short traders price go up.

[TrendFollowing]

@jimbob77784 Everyone will not do it.

[008maguire]

michael is basically just trying to De-brainwash americans and try to get them to use tech analysis

[aliray7979]

@008maguire You're half right but trend-following isn't strictly about technical analysis.

[TrendFollowing]

@aliray7979 What is it about then? BTW, I don't say it is only about 'technical analysis'.

[964fan]

@jimbob77784 There have been bubbles going back hundreds of years, long before paper fiat money. Arguably its more than existence of credit (and the potential for reckless extension of that credit) that creates asset bubbles.

[ntn1987]

@964fan Yes, due to fractional reserve banking.