The Dow breaks sharply lower – what to do now

The Dow's recent plunge will have caught out many traders, says John C Burford. So, can we expect the market to bounce? And how high could it go?

With hugely significant developments in all markets I have recently followed from the EUR/USD to the FTSE to Barclays to the Dow to the Nikkei I am swamped with possibilities to cover today.

But the most interesting is the Dow. Because this market is offering some terrific examples of how my tramlines can help me predict targets and also give me excellent low-risk entries.

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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.