Review and unbooked losses: US market Prediction - Intra day for June 3-Trade no 34-35

The chart broadly conforms to prediction as posted yesterday.

 

However shares of Caterpillar were purchased at $36.94 as opposed to closing price of $36.66 with total unbooked  loss of $74,000 approx. ( on a total capital of $10 million) .Shares of Caterpillar performed badly compared to the main index

 

This loss may be higher or lower by end of this week though  US market is expected to rebound in keeping with weekly prediction

 

 

Prediction as posted on June 3

 

 

1. There may be more than one opportunity (possibly three) for making profit today in US market. From a. possible correction when market may move up. b A correction in afternoon and again c. a bounceback towards close of trading time( last 60-80 mts)

 

Long position created for share of Caterpillar Corp( limit price orders).

 

Update may be given if trade is carried out.

 

Note: From now on in absence of   options trading for indices on Kaching trading site, shares of companies may be traded