Players made the higher level swings for two days during this week beginning and for another two days lower level swings for those who bought at higher levels during rise to sell nervously, and for week end they intend to slowly swing and rise.This way they have discouraged traders taking buy positions near low and they bought the positions.Now to book profit in their buy positions they intend to rise nominally today so that those taken lower level buys could book profit and then could  rise big from monday  with least selling pressure.Then the technical traders could short near the high of the downward channel and then the players could make the trap moves for them.Because the players are known to trap the bullish and bearish traders alternatively.

In the name of credit crisis and market uncertanities many traders were forced to close the positions.We will know the cunningness of them soon - hence I always say when some one is selling in distress at the lower levels, the holding positions, to gain liquidity some one else is buying without any fear- why that happens in the market.Are the lower level buyers are catching the falling knife?- either hgher level sellers could book profit during such drop or fresh buying some might make.We need to know their intentions to assess the market moves and levels.That is possible if we focus on the types of market moves rather than the stories about the crisis and support and reistance.During every trend reversal time this sort of uncertanities bound to happen and as a trader we should focus objectively on the demand and supply whether they are genuine or artificially created.?

Readers are requested to watch the market and do other analysis also to understand the market moves and to derive the expected moves.

Regards

Dr.Sivaraman