Saturday, November 29, 2008

Review: Predictions for the week- nov 24-28 US market

The prediction for the week was
 
"...This week market likely to correct  steeply mid week with possibility of bounceback towards end of week....."
 
 
Review: See the chart above ignoring the last friday section. The week was truncated due to Thursday and part Friday holiday .Market corrected on intra day basis on tuesday and wednesday ( from point of Put purchase) and then bounced back sharply from wednesday lows. Correction was however expected to be sharper .
 

 
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