Where next for these spiky markets?

With there is a stand-off between the bulls and bears, markets have been very volatile lately. But this could be resolved at any time as a new trend forms, says John C Burford.

Before I get to the latest charts, I have something interesting to show you about US Treasury bonds, or T-Bonds

I wrote about T-Bonds in Monday's article and it prompted quite a few comments (as I thought it might!).

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Week ending 8/230%35%35%
Change in week2%-8%6%
Long-term average39%30%31%

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.