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

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Week beginning upward stop hunt

Posted on September 22, 2008 at 5:45 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made the upward stop hunt for week beginning as expected.They are expected to slide after a brief rise during European session start .Then try to make downward stop hunts before the US session rise.Tomorrow again there will be downward stop hunts from holding levels and from mid week further quick rise expected.

When the market appears bullish many traders try to take long positions near high when they are afraid to sell.Then the players make the downward stop hunts to discourage them taking long positions and then rise more from mid week to higher ltrading zones.

I will post more when the specified moves are seen.

i will give here daily expected market moves and avoid the weekly content,that will make the readers to follow on a daily basis to do swing trades.Please use the analysis as an additional info in your analysis and take trading decisions.

Regards

Dr.Sivaraman

2 Responses to “Week beginning upward stop hunt”

on 22 Sep 2008 at 7:50 am1sean

Dear Doc,

This euro/session at the start they are dropping the u/y and rising e/y g/y what do you call this? the contrarain move? and why?
on 22 Sep 2008 at 8:30 am2Dr. S. Sivaraman

Dear Sean
When EURO and GBP fall and USD/YEN rises it is USD strengthening move.When EURO and GBP rise and USD/YEN fall it is USD weakening move
But When EURO and GBP rise and also USD/YEN rises or when EURO and GBP fall and also USD/YEN fall they are contrarian moves - as some weaken against usd and some strengthen against usd not following any one setiment.
Regards
Dr.Sivaraman

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