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

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Month end moves

Posted on November 28, 2008 at 11:43 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

I am sorry for the delay in giving the blog today.

EURO and GBP are making either way swings from start of the day.They are expected to firm up towards close of this session from the current low levels.Suring US session they are expected to dip initially and then firm up till close for week end.

Near low set for the day are buy opportunities to trade with stop or entry stop to limit the risk.

Regards

Dr.Sivaraman

2 Responses to “Month end moves”

on 28 Nov 2008 at 12:32 pm1Ben

Dear Dr.

They’re dropping heavily european crosses against USD and Yen. Do you think it’s just a stop hunt ? or this will be the real end of month move ?

Thanks
on 28 Nov 2008 at 12:49 pm2Dr. S. Sivaraman

Dear Ben
They appear to me extended stop hunts before the quick rise they intend to make for month end.
Regards
Dr.Sivaraman

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