I’m waiting for a tramline break that will shock the bears

Tramlines are invaluable when it comes to spotting upcoming changes in market direction, says John C Burford.

The counter-trend stock rally I flagged came and went almost in a blink! Last night, stocks rallied sharply and this morning are back down to earth. I did warn that this bear market will see sharp, but brief rallies and this was one of them.

But yesterday morning the signs were pointing to a rally immediately ahead.

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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.