Review : US market prediction - Intra day for August 14

As seen in the chart  except for market volatility both aspects of prediction proved right. However market did not open positive for shorting.

 

Low point of the day was shortly before mid day and long positions in 5 shares in Kaching a/c gave a profit of $24,900(unbooked)

 

Pls note that in previous trade of last week shorting Profits on diamond index funds were not reported as short price order at $94.5 was for some reson unexcuted inspite of price limit being met

 

Prediction as Posted before market opened on August 14

 

 

In a volatile or choppy trading expected today, dow jones 30 index may correct or hit a low point shortly before mid day.

 

1. buy on such corrections as market may move up or recover and may even surge up in closing  hours( particularly nasdaq index)

 

2. short on strong opening

 

long trades may be created on kaching trading account