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

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volatile moves for a day

Posted on September 23, 2008 at 5:57 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP are expected to make volatile moves today- firming up moves followed by slide.

A massive rise was seen for week beginning to induce lower level short sellers to cover their shorts in that lower level buyers are benefited.

EURO and GBP are expected to firm up during European session start and then hold during mid European session and drop for US session.These are only expected moves and may vary depending upon the traders taking positions.Use your own market analysis and then decide on your trades.

Regards

Dr.Sivaraman

2 Responses to “volatile moves for a day”

on 23 Sep 2008 at 9:58 am1Tomaz

Drop in the US session? I am currently long from 8500, and intend on staying long until 8800, where we will see a big reversal. I believe this will happen sometime this week. Cheers
on 23 Sep 2008 at 1:12 pm2Sylvester

We thank God for all your forecast. It helps us to get few dollars, only that the forecast moves against us occasionally. Maybe, wrong timing is the reason. Thanks a lot.

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