Saturday, October 24, 2009

Review: Intra day prediction for US market,DJIA on oct 23,2009

Shorting the index was profitable as seen in intra day chart. However
chart did not quite take the V shape as bounceback was not enough ( a
high risk prediction).Buy call was not profitable

Prediction as posted on oct 23 followed by a twitter update:
> US market will, broadly speaking, first correct ( hitting lowest value
> in early afternoon) and then rise giving an approximate V shaped
> formation. However there may be overall choppiness.
>
> Sell on tepid or positive opening.
>
> Buy orders or sell again call may be given later
>
> Today's prediction is high risk tha usual- real time buy-sell call may be
> given


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