Thursday, October 8, 2009
Stock market price prediction - Thursday October 08 2009, and Friday 09, 2009
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Stock market price prediction - Thursday October 08 2009:
After the successful previous two predictions of down move, the models have again issued warning for a possible move down. QQQQ at currently at 42.42 at 10:47AM on Thursday October 08, 2009.
Models are indicating that in the next couple hours, price is capped at 44.50, so we are only 6 cents at most away from a top before a move starts. This is for a day trade.
For swing trading, the models indicate that a top is within 1.5 per cents from current market price (between 42.50 and 43.00) area.
Today we had a gap up at open, which may turn to an exhaustion gap.
After the successful previous two predictions of down move, the models have again issued warning for a possible move down. QQQQ at currently at 42.42 at 10:47AM on Thursday October 08, 2009.
Models are indicating that in the next couple hours, price is capped at 44.50, so we are only 6 cents at most away from a top before a move starts. This is for a day trade.
For swing trading, the models indicate that a top is within 1.5 per cents from current market price (between 42.50 and 43.00) area.
Today we had a gap up at open, which may turn to an exhaustion gap.
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