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

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Market testing patience of traders….

Posted on November 12, 2008 at 5:27 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP are holding again near low set for the day,very close to earlier lows for the season.Now the traders and analysts envisage more drop following the downward channel patterns.My forecast expectatiosn are as follows:

Today nominal swing expected during early Japanese session and then firming up towards close of the session to high - Euro -1.2586 and GBP- 1.5457.Then a move above high expected during European session start and then a nominal drop to just below high during mid European session and upto low or near by low towards close of European session and a full recovery move during US session, followed by further recovery move till week end.Please watch the live market and compare the market moves with the forecast and if suitable use your other analysis and then make trading decisions.

Continuous slide is testing the patience of the traders whether to watch the market or to do sell and buy trades.But the long holders patiences are tested very frequently to create the bearish fell.We will get to know the intentions of the big players in this week.

Regards

Dr.Sivaraman

6 Responses to “Market testing patience of traders….”

on 12 Nov 2008 at 7:23 am1sean

Dear Doc,

So Doc are you say they will build longs and off load shorts for profit taking with trailing stops to get better lower levels and then rise us/session if good sentiment to rise more for rest of the week , maybe profit take friday.?
on 12 Nov 2008 at 10:17 am2Riccardo

Doc, your forecasts are like a broken watch.. they are right twice a day for a minute…. Have you tried to update your model with the actual market data? EURUSD is around 1.25 (and not at 1.55) and GBPUSD is around 1.54 (and not 1.94).
on 12 Nov 2008 at 10:31 am3Dr. S. Sivaraman

Dear Sean
Yes that is the possibility
Regards
Dr.Sivaraman
on 12 Nov 2008 at 10:33 am4sean

Dear Doc,

Looks like they took their shorts profit asian and early euro/session and now they build shorts again doc,
on 12 Nov 2008 at 10:35 am5sean

you think they will now keep swinging it lower and book profit during us/session
on 12 Nov 2008 at 11:50 am6Dr. S. Sivaraman

Dear Sean
They rised and sold and dropped now to buy to rise again to book profit of their longs at higher levels when the short sellers come for short covering.Either way they book profit.
Regards
Dr.Sivaraman

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