Why I’ve started watching the Russell 2,000 index

John C Burford applies his trading methods to the Russell 2,000 index to find out how far away we are from a top in the markets.

I will venture a little off-piste today and, at the suggestion of a colleague, cover the Russell 2,000 US stock index.

This is a very popular trading vehicle and contains 2,000 small-cap US shares. It displays some excellent tramlines, Fibonacci levels and Elliott waves, which makes it an excellent subject for my trading methods.

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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.