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

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EURO and GBP appear weak…..

Posted on January 13, 2009 at 13:36 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

As explained earlier now time for the big players to drop and drop to buy from the higher level  long holders and lower level visible short sellers.Once the lower level shorts are built up from mid week they are expected to swing and firm up EURO and GBP initially and then spike up towards close of the week and next week for the short trap.

Position traders can take buy position once the low is not cut for more than 2 hrs during US session to book profit during visible rise.

Regards

Dr.Sivaraman

 

 

2 Responses to “EURO and GBP appear weak…..”

  1. on 13 Jan 2009 at 10:25 pm1sean

    Dear Doc,

    looking at the daily charts of e/u g/u would you say this is the weekly range that you talk about? until next wave up/down, can the players in this range build and drop parts in a 200-300 for small profit then wait for their next move like the e/u was when shot up but now coming to earth when that went up like a rocket it took a lot of stops out NO? Do you think intervention really works in today’a market? u/y?

  2. on 14 Jan 2009 at 11:18 am2Dr. S. Sivaraman

    Dear Sean
    Yes they make every week a wide range swing.Yes depending upon traders positions the players act and make moves.
    Intervention can be of many tyes - physical,verbal etc.But the players know well the type and act.But every time the respective Govt will not come for intervention.They allow the traders to cut the positions in distress and then intervene.
    Regards
    Dr.Sivaraman

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