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

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Gap time rise

Posted on December 15, 2008 at 14:43 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP firmed up and cut the high towards close of European session and gap time before the start of US session.it appears as upward quick stop hunt before the slide.They also made the similar slide before firming up during European session.The players appear rising to book profit before the slide they are expected to make in this session.

Regards

Dr.Sivaraman

6 Responses to “Gap time rise”

on 15 Dec 2008 at 2:57 pm1jason

Hi Dr

Thank you for your comments.

The rise in the GBP is big. If you feel that they will start to slide it, how far will it go back to ?

Will it continue to slide tomorrow before the FOMC ?

cheers
jason
on 15 Dec 2008 at 3:38 pm2Dr. S. Sivaraman

Dear Jason
Quick moves are suppose to be false moves in the market.They are expected to slide today and drop tomorrow.The levels we have to estimate based on the momentum.
Regards
Dr.Sivaraman
on 15 Dec 2008 at 4:02 pm3jason

Hi Dr

Thanks for your posting.

U think that GBP will start to slide later ?
And then drop tomorrow ?

Will the drop be substantial ?

jason
on 15 Dec 2008 at 10:54 pm4sean

Doc can you be clearer in what you mean in swing?
on 16 Dec 2008 at 2:58 am5Dr. S. Sivaraman

Dear Sean
Swing means up and down move during downward trend or down and up move during upward trend.
Regards
Dr.Sivaraman
on 16 Dec 2008 at 5:08 am6Jason

Hi Dr

Any updates and views for today yet ?

You mentioned that majors will drop. Are you changing your views of the majors edmbarking on a uptrend against the usd ?

jason

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