More downside for the Dow this week?

As if banking a 450-pip profit in the Dow wasn't enough, John C Burford still has one more iron in the fire. Here, he explains how to use his 'split bet strategy'.

On Friday I outlined my short-term trade in the Dow that netted 450 pips. But that is not the end of the story. In fact, I still have a short position working!

How can that be, I hear you ask?

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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.