The Dow follows my script – so far

The rally in the Dow has followed John C Burford's tramline predictions to the letter. But as the market shows signs of topping, where will he set his next target?

On Monday, I left the Dow hanging in space after it had made a crucial kiss of an important tramline.

If you remember, I was looking for a big move down and believed Friday's high was a major one see the chart below:

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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.