Has the bell rung on the Dow Jones index?

The Dow has become polarised between traders who see an end to the bull run, and those that believe it will run on, says John C Burford.

It is said that nobody rings a bell at the stock exchange when the market has hit top tick. But recently it seems that many pundits must have at least heard a faint tinkling.

Everywhere you look, they have been falling over themselves forecasting an imminent dip in the stock market. Such widespread opinions are even featured in the pages of the media (and even made it to the radio, I note).

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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.