Intra Prediction for US Stock market, dow Index in October 15, 2009

It is still several hours before US stock market opens. Keeping that in mind here is the prediction for oct 15,2009

 

" US market likely to correct around mid day( 12-2 pm) but recover sharply towards end of day( evenif temporarily).

 

1. short index if Us market opens in positive territory ( 50-70 points) ( factor in any biz news as market opens)

 

2. Go long on correction on 70-80 points in late afternoon ( again factor in any new biz developments)

 

Overall volatility is expected.

 

Please see mobile site *ckal.mobi* <http://ckal.mobi/>. for real time
 buy/sell index related  calls and twitter updates that may follow.