A change of direction is imminent in the stockmarkets

There has been a deluge of warnings of an imminent stockmarket crash in the media. John C Burford looks for evidence in the charts.

Now that every man, woman, child and their dogs (and cats) are bullish stocks and believe they can never fall courtesy of the Fed and that we are about to enter the sunny uplands of 2015, my mind is turning to thoughts of a historic reversal. One that will shock most people in its severity.

But such thoughts are very much tempered at present by the recent deluge of warnings in the media that stocks are about to crash. This is not the usual scenario, of course. Tops are usually made when the media are overwhelmingly bullish.

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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.