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Library of Congress Cataloging-in-Publication Data

Covel, Michael.
   Trend following: how great traders make millions in up or down markets / Michael Covel.
     p. cm.
   Includes bibliographical references and index.
    1. Investments. 2. Stocks. I. Title

HG4521.C82 2004
332.6--dc22                                       2004043377

Photography: Mark Finkenstaedt
Editorial/Production Supervision: Donna Cullen-Dolce
Cover Design Director: Jerry Votta
Cover Design: Mary Jo DeFranco
Art Director: Gail Cocker-Bogusz
Manufacturing Manager: Carol Melville
Executive Editor: Jim Boyd
Editorial Assistant: Richard Winkler
Marketing Manager: John Pierce

© 2004 Pearson Education, Inc.
Publishing as Financial Times Prentice Hall
Upper Saddle River, New Jersey 07458

Financial Times Prentice Hall offers excellent discounts on this book when ordered in quantity for bulk purchases or special sales. For more information, please contact: U.S. Corporate and Government Sales, 1-800-382-3419, corpsales@pearsontechgroup.com. For sales outside of the U.S., please contact: International Sales, 1-317-581-3793, international@pearsontechgroup.com.

Company and product names mentioned herein are the trademarks or registered trademarks of their respective owners.

All rights reserved. No part of this book may be reproduced, in any form or by any means, without permission in writing from the publisher.

Printed in the United States of America

First Printing

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