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Operators' intentions read by Dr. S. Sivaraman, of i-knowindices.com

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Is it recovery move?

Posted on September 3, 2008 at 15:05 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

Hi every Reader

Now the blog postings have a new look and feel thanks to fxstreet.com.I am sorry I could not reply in time for many comments because of the transision from Typepad to wordpress software formating.

Back to business

EURO and GBP made the quick rise towards close of the European session and now after a drop to hit the trailing stops of some of the lower level buyers the market is slowly firming up as expected.EURO and GBP made the uncertain drops for month beginning quickly as traders were waiting for ECB and BOE decisions and only some traders holding longs were waiting with stress,but many of the traders taken shorts during the drop wanting to maximize the profit.Once the recovery comes the higher level short sellers will come for quick profit booking,lower level buyers will try to book profit because of earlier weeks bad experiences,so who could be the possible sellers for the short sellers to buy?Then the market notmally make panic trend reversal move.Today the extended correction happened as anticlimax before the important data to be released tomorrow.

Once the data is released tomorrow by BOE and ECB ( interest rate decisions) the interpreations could be -already the impact is incorporated in the pricing of the pairs or it is discounted or EURO and GBP are really beaten up - earlier USD was in that position and now other majors are expected to come into sympathy.

Ultimately it is just market move.I will give the expected market moves for tomorrow Before and after the interest rate decisions.

Regards

Dr.Sivaraman

 

 

10 Responses to “Is it recovery move?”

  1. on 03 Sep 2008 at 5:16 pm1NAMBIAR

    Dear Dr,

    As I told last week, EURO will touch 1.4420; I think you remember, it already happened. Now we can see some good consolidation for few days. Again touching the upper level near about 1.4950/1.5000,again expected sharp fall till 1.3500 levels, the down fall happen very slowly. But March onwards there will be big bounce in EURO and GBP zone.

    Really your blogs are very interesting, still this Wrest situation of market, with full brave you are writting.Really congratulations and appreciating .Best wishes doctor.

    NAMBIAR

  2. on 03 Sep 2008 at 6:24 pm2Dr. S. Sivaraman

    Dear NAMBIAR
    I have seen your forecast.But there is lot of difference using astrology and astrophysics.Thanks for your forecast.I am convinced with my forecast algorithm and hence continue to give the calls.Later people will realise I am not misguiding
    Regards
    Dr.Sivaraman

  3. on 03 Sep 2008 at 8:04 pm3cagkor

    As we are discussing forecasts, let me share mine about GBP..
    As i think the drop in gbp was ridicilous, i can see it reach 1.74 area or below after making a false break of FIB 50 of 1.3680-2.1160 move(1.7420), then raising back to 1.95 area in couple of months or more, then ranging close that area for several months and falling all the way down to 1.40-1.50 area according to what i see is a big Head and Shoulders pattern to occur in 2008 end to 2010.

    Thanks for the daily forecast Doc, that was spot on..
    Regards

  4. on 04 Sep 2008 at 7:08 am4Dr. S. Sivaraman

    Dear cagkor

    Thanks for the views - let us focus on daily market mobes aiming swing trades and building equity.That will help small traders mostly if they follow the calls and use optional stop and right time to enter and exit from market.
    Regards
    Dr.Sivaraman

  5. on 04 Sep 2008 at 7:41 am5cagkor

    Thanks Doctor,

    I just wanted to share a longer term view of what might happen as you know better at all levels they do their range-swing trades, and trying to buy as much as they can before they trigger the raise. Last time in 2005 they spend several months making 800 pips less or more making up and down moves before triggering the up move, buying all this time from the dips to make the 2 year raise all the way up. As i said anything can happen in the market as they like to play where emotional traders are plenty in the market.

    I think- which is my personal view obviously apart from the swings they make each month for a multi year reversal again they might drop again to buy more from the dips maybe next month onwards since a retracement is due anytime now where COT is historically low.
    Regards

  6. on 04 Sep 2008 at 8:34 am6Dr. S. Sivaraman

    Dear cagkor

    Thanks for sharing person view.
    Regards
    Dr.Sivaraman

  7. on 04 Sep 2008 at 9:18 am7KK

    Dear Doc,

    do u suggest, while trading it is better to use Astro, tech & Funda for positional game… ? or else only funda and tech will be more successful…

    I can see from my flow desk, 5 trio barrier options in dollex -maturing nov end…. expected to move in a big way and dollar will have stiff resistance around 80 -81 range….

    in this market it is better to buy plain vanilla options… bcoz there no worry about hitting ur stoploss….. as u pay upfront the loss….

    regards

    KK

  8. on 04 Sep 2008 at 9:56 am8NAMBIAR

    Thanks Dr, for giving me reply through your blog.As per veiw( astrology),as i told yestarday EURO will rise till Monday.But a drastic fall is expected on Tuesday(It will be unimaginable).The plannet MARS is shifting to 7th house on Monday night.It will be sad news for europian countires.

    NAMBIAR

  9. on 04 Sep 2008 at 12:07 pm9Dr. S. Sivaraman

    Dear KK
    Develop a system which work for you and the follow it with risk management measures.
    Regards
    Dr.Sivaraman

  10. on 04 Sep 2008 at 12:11 pm10Dr. S. Sivaraman

    Dear NAMBIAR
    There are other finer details which are not referred in astrology,hence it works and not work during different time frames.Because there are minor variations with regard to angular deviations of the planets and are not taken into consideration in astrology.It is derived science,based on past events,but market makes dynamic moves- we need different tools to study it.
    Regards
    Dr.Sivaraman

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