Intra day Prediction US market Aug 9,2010

Dow index up 30 points. Market expected to be choppy and peak in penultimate hour of trade with correction after that and possibly before that peak is hit. between approx 2-3 pm. Very likely market may not able to sustain the peak


Very likely market may temporarily collapse after hitting a peak in afternoon


Posting on http://www.seekingalpha.com/ delayed due to  some unknown technical reasons
Recommended strategy: Trade 20-30 % now and rest if dow corrects about 70-80 points ( -30-40 range) in next 90 mts.






disclaimer: All risk and responsibility lies with trader/investor