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

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Aggressive moves during European session

Posted on October 31, 2008 at 11:48 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

For no reason or excuse the players are rising quickly about 30-70 pips in one go and dropping EURO and GBP with the aim to hit the stops of the short sellers andlong holders.This is rather unusal to do very frequently the wide range up and down moves of larger pips size.The players want to earn from the stops and making illogical moves.This way they will prevent the traders taking further positions following technicals or other studies.Hope they will not try to cut the golden goose with extreme greed.

it is not only my observation.You can see today’s post of Valeria - advisor blog

http://blogs.fxstreet.com/advisor/2008/10/31/starting-a-different-day/

I will observe and give the posts as we progress in the day.

Regards

Dr.Sivaraman

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