Another classic pattern emerges in the Dow

After the Dow Jones's textbook 400-point rally, John C Burford identifies another classic pattern, and lkooks to where the market is going next.

If you read these articles regularly, you'll know I've been very closely following the action in the Dow lately. In fact, all four articles this week (including this one) have been about the Dow, and I make no apologies for this.

It's not the only market I like to trade. I trade gold and the euro, too, as well as other markets.

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Week ending 7/2528%43%29%
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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.