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

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Big moves again for week beginning

Posted on October 27, 2008 at 8:23 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP firmed up for week end to fall again for week beginning.As the spreads are increasing the jumps are rather wild in all markets.It is last week of the month and also a week before US elections.Players are expected to make wild moves using various excuses.

Today highly volatile moves are expected - initially inducing Japanese session long holders to liquidate the longs and then reverse to trap the European session short sellers.Eroding levels may appear that the markets can fall endlessly.But this sort of cycles have been seen in the markets many times.

Trade with caution or wait patiently to watch the adverse moves in the market.it will settle down soon and the normal swings could come back.

Regards

Dr.Sivaraman

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