More kisses – this time from the Dow

Tramline kisses are a crucial clue that can tell you where the market is heading to next, says John C Burford.

In my final Trader post, I thought I would have a little fun with the Dow as a farewell offering.

It is my contention that it is far better to have a mediocre trading system using a tight set of money management rules than it is to use the latest gee-whiz system with a loose set of money management rules.

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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.