Review of the US market weekly prediction for Feb 19-22,2008

We predicted for US market last week ( monday Feb 18 was a US holiday) for feb 19-22 " US futures today are showing good opening.For the week however US market especially Dow 30 industrial index seems to indicate a mixed performance. Strategy 1: Short dow 30 as it is likely to become profitable by wednesday-Thursday during a sharp correction Strategy 2: go long on Nasdaq composite index upon any strng mid week correction as some positive tech related devlopments/news possible may drive up nasdaq comp index net weekly gains on dow 30 uncertain ( it may be positive or negative) Review: Shorting dow as per strategy 1 on Tuesday Feb 19 would have given profits on Tuesday and wednesday morning and thursday Buying as per strategy on Tueday or wednesday morning on sharp corections during these days would have become profitable next day though. Dow closed with minor gain on 32 points while nasdaq closed last week with net weekly loss

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