Review: US market Prediction - Intra day for June 11-trade no 43

Intra day chart closely matches the prediction given except that bounceback after afternoon correction did not happen.

 

On Kaching trading site, profits were booked shortly before Dow hit afternoon peak ,Short positions on IBM and Walmart were unbooked.

 

Total booked profits approx:                       $280,000

Unbooked profits on short position               $116,000

 

Total day increase in portfolio:(june 11 profit)                                                          $390,000 approx

 

Total value of portfolio is now 10,818,000 approx a gain of 8.20%

 

PS: There may be some error regarding the value of Profit from IBM shorting which may be less by $40-50K. This will need to confiirmed.secondly we have noticed total profit sometimes changes in off market hours- which is not possible
 

 

 

Prediction as Posted several hours before market opened on June 11

 

Today's prediction is high risk because of use of a truncated model and also cards indicating choppiness and volatility.

US markets may heit apeak around mid day before a correction sets in. Bounceback and correction may follow again.

 

Mix short and long positions to make profit with emphasis on shorting stocks like IBM and United Technology