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

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Mid week big rise

Posted on December 17, 2008 at 5:52 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made a quick rise during start of Japanese session and firmed up.They are expected to drop to middle level and make one downward stop hunt to hit the trailing stops of the long holders and then rise towards close of Japanese session and rise big during start of European session to the high set for the day and then make one upward rise above the high till mid session.Towards close of European session they are expected to slide and hit the trailing stops of the buyers and then spike up during US session.

Mid week will show big rise.The first 2 days of the week the expected drop did not take place in a big way indicating the players have trapped the short sellers nicely and now they will continue to trap the short sellers till end of the year.During wide range swings near low or once the drop is not happening further for 30 min we may take buy position and book profit once the new high is not cut for 30 min as wide range swing trades.

Regards

Dr.Sivaraman

4 Responses to “Mid week big rise”

on 17 Dec 2008 at 5:21 pm1Roy

Dar Dr.

Why is net in gbp so low and in eur we can see big rise.

Can we expect big rise in gbp tomorrow?

Regards

Rpy
on 18 Dec 2008 at 5:39 am2Jason

Hi Dr

Can we know your views today ?

Will that be sudden drop in the eur today as the rises have been a lot this few weeks ?

cheers
jason
on 18 Dec 2008 at 5:55 am3Dr. S. Sivaraman

Dea Roy
EURO they are rising more and makeing big either way swings in GBP to rise and hit stops in EURO/GBP cross.They will slide today EURO more than gbp to drop EURO/GBP and then rise again for week end.
Regards
Dr.Sivaraman
on 18 Dec 2008 at 5:57 am4Dr. S. Sivaraman

Dear jason
They will do the slide today in EURO as they need to book profit and induce traders to short sell.Then rise for week end to trap the short sellers.
Regards
Dr.Sivaraman

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