Why I’m looking for opportunities to go short

Gold, the euro and the Dow have all rallied to significant technical levels. But where will they go next? John C Burford looks at the charts to find out.

With the euro summit announcement now out of the way but with the awkward details yet to emerge the vigorous rallies in all three of my markets have reached important milestones.

I thought I would briefly set out my trading ideas today with a fuller email tomorrow on one of them.

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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.