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

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