Prediction based Trade 30: US market May 6,2008

Dow down 91 points and nasdaq down 15 points after 30 minutes of trade amidst bad economic news in USA

 

While volatility will remain we expect a good bouceback

 

Buy 1 dow futures if Dow touches 140 points in negative and

Buy 1 Nasdaq futures if it touches 25 points in negative

 

Stop loss $ 100 for each lot

 

Protect profits if Dow 30 rises by 50 points from point of purchase and nasdaq by 10 points

 

Disclaimer: All risk to be  borne by trader