Review: Weekly Prediction for US stock markets,dow industrials for Sept 21-25,2009

See the attaced weekly chart for dow industrial for the concluded week-sept 21-25. The weekly prediction was only partly correct-markets did recover from early week correction- which peaked on wednesday but prediction's emphasis on net weekly gain was off the mark as amrket underwent correction on thursday and friday and also tanked from wednesday peak

US Prediction as posted last Monday for sept 21-25

 

US markets ( dow 9820 closing value last week))  could see a correction in early part of the week and by end of the week bounceback. The probable pattern will be markets recovering from any correction during early part of the week .

 

1Short index if markets opens or rises on monday in 70-100 range. This may become profitable by/beore tuesday

 

2. buy on any correction of over 120 points especially in early part of week .

 

also check back on any intra day predictions here and on Twitter.

 

a. dominant strategy after Monday-Tuesday : Long positions to be created  as net gain for dow  is likely on weekly basis

 

Stocks to watch: Caterpillar, IBM and Exxon Mobil. Buy these stocks on early week corrections.

 

disclaimer: stocks related predictions carry higher risk. All risk/responsibility to be borne by traders using these predictions