How could you best have played the plunging Dow?

The Dow Jones' massive plunge exceeded even John C Burford's bearish expectations. But it's still important to plan your entry into the market with care - fighting your emotions is one of the most important skills for any trader.

Are the stock markets leaving you breathless? I certainly am out of breath. What incredible asset destruction is going on before our eyes.

But, as I have been noting, this is not unexpected. I have been illustrating the stock markets' weakness through the various charts, which seemed to me to be unequivocal.

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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.