How to spot when the market is on the turn

Spread betting expert John C Burford explains the strategies he uses to spot turns in the markets, and how you could profit from them.

Did the decline in the FTSE 100 on 28 January come as a surprise? If you had been following the stock indexes using the Elliott wave (EW) and Fibonacci principles that I use, the answer would definitely be 'No'. I'll show you why.

I'll take the FTSE as my example. The other indices I follow the Dow, S&P and Nasdaq all could have been used, and the same conclusions reached.

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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.