Has the Dow turned?

The charts have confirmed it - the Dow has turned a corner. Using his charting methods, John C Burford explains how to profit from the new direction.

First, I want to thank the super group of traders who attended yesterday's Trader workshop, all of whom came to learn and who brought up many great situations in the charts, which we investigated at length. I really enjoyed the day!

One of the situations we discussed was the Dow. In my lastpost on 8 March, I was looking for a top.

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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.