Dancing fever is gripping the Dow

It's only when the music stops that the Dow traders will come to their senses, says John C Burford.

15-4-24-dance-634

Dance at Molenbeek by Pieter Brueghel the Younger

Have you noticed how extremely volatile the Dow has been recently? I'm sure you have. Up-moves of several hundred points in a day have been followed the very next day by a decline of similar proportions to be followed again by another sharp rally of hundreds of points. This has made trading it a very tough proposition.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

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.