Operators' intentions read by 
A drop was expected during early European session,but low liquidity brings the market down unassumingly.The negative data is used to add as fuel to fire.In the process the drop happens as if there is no support.Any level we keep buy order we will get it filled! Low liquidity market trigger is seen.The panicness will settle down once the short sellers come for week end profit booking.Then an opposite condition could be seen only buyers and no seller condition.players capitalising the panic condition is seen.The other way move should be seen as already the drop is huge for European session.
I will give update if there is change in the expected market moves for this session.
Regards
Dr.Sivaraman
my dear itold u before call mr sarcozy he will tells u the level he wants regarading the euro for the $
Recovery on the mkts can be quick but not long lived as everybody is long on equities, commodities n everything one can imagine from much higher lvls and most of these positions was opened from credits which are not available anymore (partly because the assets ought from it worth the fraction of the original value). The inflation theory lead us here which was used by the whole world as economic disciplin.
In the begining of the current crisis there was the valuation crisis of the stupid mortgage related products, now there is the valautaion problem of everything. So no credit to renew the positions.
How cud anyone allowed for “investmentbanks” (in my dictionary =gamblers) funds or customers to expose themselves 30-50 times leveredge, as it means 2-3% negative price movement and the whole show is washed away.
I just hope the stocks n all futures fall very quickly a great deal today or a short period of time and all these idiots vanish from the mkts for good, because as long they try to keep float they dry liquidity from the real economy which is much greater problem.
Now with the bailout, instead of trying to save the infrstructure, they keep funding these institutions which means goverments borrow money to cover their losses which drys out even more the real economy. Simple they postponing the cleaning cycle.
It will be funny when somebody asks the question how the US will pay back the ever growing state debt, then the USD will move to the other direction without stopping.
I personally think we are very close in time for a EUR/USD turning point as mkts always get wilde when the trend is changing and fundamentally there was no reason for the USD strenght it is only because the USD credit squeeze which seemes easing now.
Bst of luck to all of you.
P.s. Fahad send me Sarkozy’s phone number i’ll call him 4 ya.
my dear it is all about pumping $ into the dond markets
bond market