Friday, August 17, 2007

Review of Intra day prediction of US stock market August 16,2007

Yesterday we posted our prediction for US stock markets, the key points of which were
1. Market to rcover/bouceback in late afternoon with recommended buying recommended between 1.30-2.30
2. To square of any short postions before that ( suggesting a intra day low before that)

Review: while the market did stage a good recovery and rose over 50 points in positive zone ( after being down 300 points or more) and profits would have been made with recommended strategy, it is unlikley profits would have been anywhere like maximized since sharp volatility would have triggered stop losses

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