Review of Intra Day prediction of Dow Jones-NASDAQ for Friday November 04,2005
For Friday November 04 we made the following prediction
"" After negative opening or dip/fall in morning the market will tend to recover/rise from initial losses. The indices are likely to reach day's intra day high just after mid day. However though last phase of the day ( last two hours approx) and of our prediction is least certain, there may be a strong fall followed by rise/recovery towards end of day.
Separate cards drawn for (assessing-added) impact of October labour report on US stock markets indicate that markets will show tendency to put behind any negative fallout of the report after suffering initial losses."
(Scroll down to read actual prediction)
Review:Performance of our prediction
1.The impact of labour report was bang on target, as was prediction of fall in morning and indcies behaviour in last two hours of trade. However two things did not quite work out.First mid day saw a peaking formation perhaps the largest intra day recovery of indices but was not intra day high as predicted. Secondly fall in afternoon was not sharp to the extent anticipated.However predictions were good enough for two clear profitable trading opportunities-going short in morning and going long in late afternoon)
"" After negative opening or dip/fall in morning the market will tend to recover/rise from initial losses. The indices are likely to reach day's intra day high just after mid day. However though last phase of the day ( last two hours approx) and of our prediction is least certain, there may be a strong fall followed by rise/recovery towards end of day.
Separate cards drawn for (assessing-added) impact of October labour report on US stock markets indicate that markets will show tendency to put behind any negative fallout of the report after suffering initial losses."
(Scroll down to read actual prediction)
Review:Performance of our prediction
1.The impact of labour report was bang on target, as was prediction of fall in morning and indcies behaviour in last two hours of trade. However two things did not quite work out.First mid day saw a peaking formation perhaps the largest intra day recovery of indices but was not intra day high as predicted. Secondly fall in afternoon was not sharp to the extent anticipated.However predictions were good enough for two clear profitable trading opportunities-going short in morning and going long in late afternoon)
posted by PtGyan.com at 4:52 AM
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