How to play extreme volatility in the Dow

With the Dow zigging and zagging, many traders will have been caught out. But John C Burford is staying out of harm's way and watching the charts to plot his next entry point.

As I expected, the markets are being zigged and zagged by the wide swings in traders emotions induced by the news (and non-news) emanating from the G20 conflab on how to save the world (again).

I have my views but they don't matter when trading. It is the markets that count.

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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.