What this latest chart pattern means for the Dow

The Dow Jones is entering a very exciting phase, says John C Burford. Here, he looks at how to play it.

Today, we should look again at the Dow. I believe it's entering a very exciting phase. I've got my strategy in place, as you'll see below.

Last Wednesday, we saw how the market had been climbing along my very pretty tramline pair.

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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.