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

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No support - panic moves are seen

Posted on October 16, 2008 at 4:40 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

All the markjet are under the panic grip of uncertanity and the levels are not being sustained.More sellers and no buyer condition has to stabilise for the markets to make any specific moves.We can either stay away and if risk taking ability is there then sell and buy can be done by moving stop to entry.Becaue any announcement or interventions may come in suddenly.Trade with caution.

Regards

Dr.Sivaraman

7 Responses to “No support - panic moves are seen”

on 16 Oct 2008 at 7:41 am1Krishna

I think GBP can be sold around 1.7380/90 levels (yesterday’s support now turned resistance) for 100 pips profit…. one can keep stop loss above 1.7430…

and from the buyside

One can buy GBP around 1.7140/50 keeping stop below 1.7100 for 80/100 pips profits…

Market yet to make more directional moves I think
on 16 Oct 2008 at 8:23 am2sean

Dear Doc,
Doc do you think your algorithm should when make intraday calls take in the dow or at least in the running the futures before making call.
on 16 Oct 2008 at 10:02 am3pepe

doc, I think that you turned your recommendations (now sell & buy EUR and GBP ) at the wrong moment… probably at current levels is wiser to buy & sell with the usual 30 pips trailing stop
on 16 Oct 2008 at 10:19 am4mrT

Doc, I though you maintain, that news and fundamentals are irelevant as to operators’ intentions…. Why should we pay attention to them now?
on 16 Oct 2008 at 10:34 am5jilli

Dear Dr, do you still think the gbp/usd will reach over 1.9 this year?
on 16 Oct 2008 at 10:55 am6tim

Hi Doc
My own take on the majors is that we are in a trough , and have been skimming along the bottom from 15thOct. through to 22nd., from where we see the rise in gbp and eur back to 1.85 and 1.49 respectively, around mid November. But I could be comlpetely wrong!
on 16 Oct 2008 at 2:39 pm7tim

correction, I meant 9th.Oct-22ndOct.

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