Review: US market prediction - Intra day for August 19

See intra day chart above

1.Market recovered to reach high point in afternoon.

2. Fell more than 50 points ( more than  half the gains in late afternoon before recovering slightly)

 

However US market which was expected to open with deeper correction ( more than 150) did not correct so strongly

 

On kaching account counting only the the trades of yesterday

1. Profits made from long trades over $25,000

2. Losses  were about $ 25,000 from trades of yesterday only

 

A note on Kaching account: Kaching website has made some changes since yesterday making it difficult to easily carry out transaction or read day by day transaction. Further profts on long trades are underestimated as in line with prediction profit should be booked in afternoon.. Losses from shorts overestmated slightly because we could not exit in afternoon correction. also reflects wrong choic eof shorting in morning

 

Prediction posted before US market opened on Aug 19

 

 

Although US market is expected to go down in morning following global cues and domestic biz news, it will eventually move temporarily at least to day's high point o rpeak formation before falling again in afternoon. ( there is possibility that nasdaq comp index may do better)

 

1. Buy in morning after a deep correction of 150-200 points

 

2. short in afternoon on mild negative opening in morning of -50/60 points in negative.

 

such trades may be created on Kaching Trading account