Making more hay in the Dow Jones

Elliott wave theory can alert you to major impending changes of direction in the markets. Here, John C Burford explains how it works.

On Wednesday, I noted that the Dow had fallen in four waves. That meant the decline had not fully run its course. Those wave labels enabled me to reverse my position and go long in anticipation of the big rally which is now in progress.

Today, I want to show you how to do this. When you read Elliott waves (EW) correctly, it can provide vital forecasts that can help you extract major profits from the markets.

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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.