Review of Dow Industrial-NASDAQ Prediction for October 06,2005

Link: Full Actual Prediction

Our Summary Prediction for DJIA-NASDAQ for Thursday October 06,2005 was

"DJIA-NASDAQ will rise/recover in morning after a brief period of profit booking . However there will be sharp dip and recovery in the mid half of the day ( approx 12 noon-2 pm). Last 2 hours of the day is more uncertain. Last session of 2 hours could be especially volatile and last 70 minutes could see a good rise/recovery. again ".


Review: What actually happened

It was probably one of our best predictions. DJIA fell in morning after a positive opening due to profit booking then rose sharply as predicted.Hence "buy in morning with a delay" strategy would have worked well. Between 12- 2pm there was a sharp dip and recovery ( recovery was about 30 points). As mentioned we were not sure of last two hours of trade but expected sharp rise/recovery in last seventy minutes of day. During that period both DJIA-NASDA showed very good rise. All our three strategies would have given (good) profits.