How good was June 2007 Sensex-Nifty prediction?

For June 2007 we predicted Click here to read Original June prediction

" A sharp correction is due in mid phase of this month and may continue till late phase of the month. A more exact timing may be found in future weekly prediction that may be posted here. Small corrections and pullback will dot the entire month.The main indices could see net gains from May levels by approx 18- 21 ( because there will be pullback after mid month correction ) June but main indices likely to end this month with overall net monthly loss amidst volatility inspite of positive voices in the market"

Review: The prediction fared quite well in many key respects. (1) strong mid phase correction came a little early but was indicated in the weekly prediction (2) the sharp rise /recovery after correction came in the period indicated and confirmed quite emphatically in the that week's weekly prediction though rise was not good enough to take it near to May end levels. (3) corrections and pullbacks happened throughout the month

The key failure was that market did not drift down after June 19-21 recovery though it almost did except for last two days of June (please not contrary to chart depiction, sensex did end lower than May end levels)