Profit as the Dow bulls and bears do battle

With the bulls and the bears fighting it out in the Dow, the market's falls and rallies will be sharp and sudden. That means big profits for quick short-term traders and patient long-term traders, says John C Burford.

When I last covered the Dow on 19 September, the Dow had made a lovely textbook Fibonacci retrace rally and was about to challenge my short-term tramline.

How things have changed over the intervening fortnight.

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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.