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

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European session rise

Posted on November 4, 2008 at 10:11 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

Eur and GBP are rising as expected during European session,not during gap times as earlier.

Some more rise above high and a profit booking slide are expected in this session.During election time in US, EURO and GBP are expected to rise again- hope the rise happens today during US session as we have seen every day drop during US session for many days.

REGARDS

DR.SIVARAMAN

2 Responses to “European session rise”

on 04 Nov 2008 at 10:21 am1sean

Dear Doc,

Gap Time is 7.30am to 8.00 uk time is it not?
With this Rise against the intermediate trend and global if it has a lot of swings to catch trailing stops do you think its a medium rise. my thinking is that they are booking profit along the way and intend to drop again ,but if it is a solid rise then maybe it will rise more in the next few days?
on 04 Nov 2008 at 2:59 pm2Dr. S. Sivaraman

Dear Sean
Gap time between japanese and European session is now 7:30-8:00 GMT
Now you can understand how they make every day drop during US session and suddenly rise unassumingly.This is just to habituate the traders and when they commit more volume trap at one go.
Regards
Dr.Sivaraman

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