The Dow starts its big move down

The bull market in the Dow is starting to show signs of nerves. The market is primed for a fall, says John C Burford. But how far will it go?

Before I get going on the subject of today's post, I want to set the record straight about the nature of my MoneyWeek Trader posts.

I noted two negative comments following my Wednesdaypost: The Dow edges up, but are we near the top?, and I wish to address them to clear up any confusion out there.

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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.