Making sense out of the Dow's apparent chaos

The Dow Jones may look like it's in chaos at the moment, but it is following the tramlines down beautifully, says John C Burford.

There is so much action going on in the stock markets that I could virtually write an important update every hour!

The volatility (size and frequency of the ups and downs) is huge, and most traders will be zigging when they should be zagging.

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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.