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Is the rise a recovery?

Posted on January 14, 2009 at 11:14 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made the fall from start of the year and today’s rise seems to be a break in the trend ….is it a recovery? Players make the majors appear weak and reverse and when traders jump in and buy make one more drop to discourage the lower level buys and then rise with a big upward gap- that will induce traders to do sell and buy trade as they miss the buy levels.Then the trtap for the short sellers happen.

They are expected to consolidate near low today and then make the rise moves towards close of US session.Watch and understand how they make similar moves each time but appear different because traders focus more on levels rather than the strategic market moves of the players.

Regards

Dr.Sivaraman

2 Responses to “Is the rise a recovery?”

on 14 Jan 2009 at 5:32 pm1IST

Thanks Doc,
As always very interesting market views. MAy I ask what do you see longer term?
on 14 Jan 2009 at 7:31 pm2j.j

dearDr.sivarman hi, pls would you kindly post yr calls earlyer in the day thank you.
regards

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