Monday, August 08, 2005

Intra day Dow Industrial Prediction by Tarot ( August 08,2005 Monday)

Dow Jones Intra day Prediction based on Tarot cards Date: August 08, 2005 (Monday)

Tarot Prediction: DJIA likely to make good gains by afternoon though afternoon could be volatile or see loss of gains. There may be a sharp rise possibly followed by fall in late afternoon.

These predictions likely work best for indices/stocks strongly correlated with DJIA e.g NASDAQ

Strategy 1: Go long ( buy) in the morning if the market opens weak or negative

Strategy 2: Go short ( sell) in the afternoon if position based on strategy 1 is triggered off following a sharp rise and fall in the afternoon, keeping a trailing stop loss

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