Friday, August 10, 2007
Intra day prediction of US stock market August 10,2007 based on a Tarot card model
" Even as volatility continues, profits are likely to made by going long (buy) in first hour of trade and profits are likely to nearly maximized ( approx 1.30-2.30 pm) as main indices are likely to hit a intra day high between 1.30-2.30 pm (approx) and that is when a sharp and possibly temporary fall is likely .
Trading strategies for today
1. Go long on main indices especially DJIA in first hour trade ,if as is likely DJIA opens negative.
2. Go short around 1.30 -2.30 pm on any peak formation in chart with trailing stop loss
Caution: All trades made on basis of above prediction is sole responsibilty of the trader/investor. Predictions also posted on the popular American website http://www.fool.com/
Posted by starpundit
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