The Dow reaches a crossroads – where to now?

Following its recent falls, the Dow Jones is attempting a rally - but will it last? John C Burford looks to the charts to find out.

All the markets I cover have suffered major declines this week, which have validated my (so far) bearish stance. And they've provided me with significant profits, especially in the short term.

The Dow is no exception, as I look at in a minute.

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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.