Another big test for the Dow bears

The Dow's death-defying rally has continued. But it's run into a strong level of resistance, says John C Burford. Will the bears be proved right after all?

Just to let you know, I'll be taking a break next week and the week after. But not before I've brought you up to date with the incredible moves on the Dow!

Let's get right to it. It's thrilling stuff!

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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.