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

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week end moves indications….

Posted on September 12, 2008 at 15:20 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP firmed up from yesterday and continued the rise today also and now during US session the highs are being broken and holding near new high high,indating that the higer level short sellers and lower level short sellers are being influenced to do the profit booking and also lose booking respectively.So the selling pressure is not there because the longs have been liquidated mostly when the psychological levels were broken.Now the traders could look for the the market to reach the higher end of the downward channel and try to take fresh sell positions,or some might see the recovery and buy during rise.

So there could be mixed views in the market and hence the transactions are taking place with quick price action.But the players have dropped and bought the positions from the panic sellers and they are quickly rising to book profit in their positions.They are expected to make volatile moves on next week beginning to influence the traders to follow the technicals and fundamentals to find the right clue to trade.

I have read their intentions and will post for week end (tomorrow) the market readings and also the expectations for you to leisurely read and then decide on the trades for monday.Still I am cautioning the readers not to blindly follow the readings and use it as an additional infor for your own market analysis and decide on your trades.You may read my last week end forecast about this week and compare with the actual to decide on the way you intend to use the posts in your future trading decisions.Your decision is final in your trades.

Have a nice week end.

Regards

Dr.Sivaraman

5 Responses to “week end moves indications….”

on 12 Sep 2008 at 3:43 pm1j.j

Dear Dr.sivaraman thank you and B.regards
on 12 Sep 2008 at 4:40 pm2Emil

Great directions this week Dr Sivaraman. Thanks for posting the weekly guide. Very useful.
on 12 Sep 2008 at 5:04 pm3wayne N. Meeks

Doc,

I think the weekly guide is a good idea.
on 12 Sep 2008 at 5:21 pm4Dr. S. Sivaraman

Dear All
Thanks for your patience and understanding of my posts.
Regards
Dr.Sivaraman
on 12 Sep 2008 at 11:35 pm5sean

Dear Doc,

Thanks Doc for sharing your thoughts.

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