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

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Week beginning false move - a massive move….

Posted on September 29, 2008 at 9:30 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

Last wek they made the massive rise for week beginning and then started the slide during rest of the week .Now just opposite - massive drop in EURO and GBP for week beginning to slowly rise during rest of the week.

When the new low is not cut during late European session the buy can be initiated and during US session they are expected to firm up and then rise slowly from tomorrow.It is only based on market reading and please use your own analysis to take trading decisions.

Regards

Dr.Sivaraman

10 Responses to “Week beginning false move - a massive move….”

on 29 Sep 2008 at 12:32 pm1mike

doc,

do you think we will surpass last weeks highs?
on 29 Sep 2008 at 1:02 pm2saiF

DEAR DOC
WHAT THE HIGEST AND THE LOWEST POINT MARKET CAN TOUCH THIS WEEK IN UR OPINION TO GBP AND EUR
on 29 Sep 2008 at 1:53 pm3Dr. S. Sivaraman

Dear Mike
My expectation is that.
Regards
Dr.Sivaraman
on 29 Sep 2008 at 2:16 pm4mike

Doc,

Do we still look for contrarian actions such as the USD/JPY going up to bring up the GBP and EUR?

AS a side note, Last night when the asian market opened and confirmation this morning, my inital reaction to the market was “begining week moves are opposite of weekly moves.”

thanks for you views and teachings of the “market”

Thanks
on 29 Sep 2008 at 2:39 pm5Dr. S. Sivaraman

Dear Mike
You know now how they make moves - they are expected to rise usd/yen along with euro and gbp.
Regards
Dr.Sivaraman
on 29 Sep 2008 at 2:41 pm6Dr. S. Sivaraman

Dear saiF
The low is almost seen the high could be the high of last week
Regards
Dr.Sivaraman
on 29 Sep 2008 at 2:58 pm7vinesh

Doc so you see UJ rising up in the coming days? With the bailout a gurantee wouldn’t that rise the value of Dollar and bring down EURO especially with ECB decision coming up. Do you see UJ going any more up?
on 29 Sep 2008 at 6:12 pm8mike

doc, what is your take on all this deliberation that is happening for this bailout plan?
How do you think it will efferct the FX market?

Thanks
on 30 Sep 2008 at 4:06 am9Guy

hi doc! last week you mentioned that the EUR/USD might hit $1.51 - do you still think that could happen? Looking longer term, do you think the USD will continue to gain value over the next few months? It seems that the bailout plan has been shelved, so could that spell a reversal of the USD’s recovery trend?
on 30 Sep 2008 at 5:13 am10Dr. S. Sivaraman

Dear Guy
I mentioned earlier that first and second week of Oct there will be less rise in EURO and GBP from that of last week high and next month we will see more prominant rises in them.
Regards
Dr.Sivaraman

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