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

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Mid European session moves

Posted on October 21, 2008 at 9:28 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

“Expected moves for today: During Japanese session a rise and then a drop and during European session a drop and then a quick rise and during  US session a quick firming up move are the potencies.”

Above is from  my Japanese session posting.Initial drop and a quick rise from the new low is now happening.If the rise continues to go above initial lows of today during Japanese session in Euro 1.33 and GBP 1.71,then the quick firming up move during US session could come.if they fail to rise above initial low in them then only during US session they can rise above initial low If the rise happens either during now (European session) or during US session then the probable low is set for the season as per my estimate.Hope it comes true.

Regards

Dr.Sivaraman

12 Responses to “Mid European session moves”

  1. on 21 Oct 2008 at 11:49 am1su25

    Dear Doc

    May I give another suggestion? Please avoid giving longer term forecast in your blog wherein your calls are primarily intraday. For example - you have said quite a few times earlier “probable low is set for the season” only to be proven wrong. It is possible that this time you may be correct, then again the probability is only 50%!
    Regards
    su25

  2. on 21 Oct 2008 at 12:10 pm2fahad g.

    mr sivarman before u make yr call pls call mr. sarcozy and ask him at which level he wants the euro thanks

  3. on 21 Oct 2008 at 12:35 pm3fahad g.

    mr. sivarman sarcozy said the oil price should be no more then 70$ when the price was 140$ and he said the euro is 30./. overvalued when the euro was @1.59+ so pls next time ask him before u give yr call or we should ask sarcozy to hv his bolg open in the fxst

  4. on 21 Oct 2008 at 12:57 pm4mike

    OK doc, so now what? The Euro and GBP are doomed?

  5. on 21 Oct 2008 at 1:05 pm5Roy

    mike, I’m curious, what makes you think that the Doc knows what the Euro and GBP are going to do from one day to the next?

  6. on 21 Oct 2008 at 1:11 pm6fahad g.

    Doc what u waiting for go and call sarcozy ask him about the euro he will tell u as he wants the euro @1.12

  7. on 21 Oct 2008 at 1:25 pm7jilli

    Dear Dr,

    do you expect previous lows of near 1.67 to be broken?

  8. on 21 Oct 2008 at 1:26 pm8jilli

    Dear Dr,

    do you expect previous lows of close to 1.67 to be broken?

  9. on 21 Oct 2008 at 1:31 pm9pepe

    I am amazed at how people keep asking the doc about the EUR and GBP when it’s clear he does not have a clue and his model has proven wrong 90% since he is writing.
    Guys, accept it: it’s better to toss a coin rather than follow what the doc says

  10. on 21 Oct 2008 at 1:51 pm10Dr. S. Sivaraman

    Dear jilli
    Today if they rise above 1.71 in GBP then the chances are forming a new low is less than 20%.If they are not rising then they mostly revisit the low of today 1.6963 tomorrow during Japanese session.Then if they cut the new low and does rise above tomorrow low in less than 30 min then the new low will be the low for the season.This is my study of estimating the low or high for the season based on the daily moves.From next week I am expecting based on my algorithm more promising rises in EURO and GBP till year end.Still to find the accurate levels of low we need to track the market when they drop below low - The levels are determined in the market based on the close by stops and limits,many may not agree with me.I can only post my readings here.Any way Pepe and others are kind enough to post their studies here for all to read and judge the market possibilities- so both views are being seen here in the blog for any one to asses the market.
    Regards
    Dr.Sivaraman

  11. on 21 Oct 2008 at 1:58 pm11jilli

    Interesting, thanks for the reply dr, we shall see what happens now

  12. on 21 Oct 2008 at 2:09 pm12Spiro

    Hi!

    May i recomend to all of you actionforex.com (technical outlook (main page top middle), and dailyfx.com (Jamie Saettele’s writings)as i find them both good for longer term trades.

    As i posted here before as long as the USD (and now the CHF) liquidity squeeze not wanning from the mkt we cant expect the USD (and CHF) weaken.
    I suggest watch TED and OIS spreads or simple the USD 3 mths LIBOR as soon as these are able to go below 2,5-3% then the USD cud weaken. Till then beacause of the lack of USD funding (on apropriate interest rate) i see very difficult any mkt sentiment change.

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