Tuesday, August 26, 2008

Prediction based trade 95 : US market Aug 26

Dow down 17 points after 25 mts of trade at 11369

Dow and nasdaq expected to hit a near peak in next 3 hours. Though after that higher values amidst volatility not ruled out.

Buy 3 lots of dow call options -1 at present level second at dow -70 and thrid lot at dow -100 ( before 12 noon)

Protect profits after dow gains 50 points on lots with trailing stop loss at 40 points. exit all lots at -120

 
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