Review of August 2005 Sensex Prediction

Prediction for Sensex in August 2005
( click on red text above to read the actual prediction in full) was

1. Sensex by end of August ( or August 20-21,2005) likely to be higher than July closing ( 7635) .
2. First twenty days good, within this the first ten days possibly better
3. Last ten days likely to the "worst" part of August 2005

Review: Sensex closed above July closing value of 7635 in August. Sensex saw maximum adjustment/correction in the last ten days and while maximum gain was recorded during the first days of August 2005.Though sensex saw biggest correction in last phase of august it recouped much of its losses in last two-three days of August. In the middle ten days of August there was no major net gain or loss


( Please note that in August Sensex chart above starting value should be 7635- the value on which Sensex closed in July 2005, though the chart starts with closing value of August 1, 2005 hence the misleading impression that Sensex saw a net loss in first ten days of August 2005)