Here’s an ideal set up for a trade

The Dow's ceaseless rally has time again defied the bears. But now, the top of the market could be upon us. Using his chart trading methods, John C Burford explains the best way to trade it.

Recently, I've had many requests to resume coverage of the Dow. But with the stunning action in gold, I believed this market was best for illustrating the many principles I employ.

My primary aim in these posts is always to select a market that can teach traders how I use the methods I have honed over many years in this most difficult of arenas.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.