Review of Intra Day US Stock market-Dow Jones-NASDAQ prediction for Thursday November 03,2005

Our Intra Day Dow Industrial-NASDAQ prediction for November 03, 2005 was

" DJI could have a dramtic start in opening minutes- sharp fall could occur perhaps after a quick rise or positive opening.Both indices likely to be very volatile. DJI chart could have "peak formation" around mid- day/afternoon after a fall ( whether DJI is in positive or negative zone) but drift thereafter will be downwards. ( see strategies)

Link to Actual Prediction

Review

DJIA opened weak but quickly climbed over 50-70 points within few minutes of morning trade. Though it lost nearly half of its gains temporarily in the morning, we expected a much sharper fall. The fall or loss of gains were relatively more for NASDAQ. As predicted there was a peak formation around mid day and both indices thereafter drifted downwards significantly before making slight recovery. Two of the three strategies would have given profits particularly the second strategy of going short around mid day-afternoon.