Review of Intra day prediction of US stock markets Sept 5,2007

Yesterday we predicted (see original prediction below by scrolling down)

"Both indices DJ-30 and Nasdaq likely to see good rise relative to levels attained in first hour trade. Hence buy in first hour especially Dow Jones futures ( if it is negative or weak or falls from opening values in firts hour trade). Add to "buy" positions if there is any significant loss of gains before 1 pm as indices are likely to surge in afternoon

Review : As clear in the above prediction we expected the US stock market main indices to move up after the first hour of trade with a possible fall in afternoon again followed by a surge upwards. The weakness in US markets continued till 11.30 approx before the surge or recovery from day's low. Further timing of afternoon fall was not correct. Hence whether profits would not been made going strictly by timing of predicted events. Further we expected the indcies to move up substantially after initail wekaness. This did not happen