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

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Trend reversals moves are seen

Posted on January 21, 2009 at 9:30 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

During trend reversals market will be volatile and appear directionless or pointing towards wrong direction.When the quick stop hunts are pointing down then the reversal will be sharp rise.

EURO and GBP made the wild downward stop hunt moves before the start of Japanese session today as downward stop hunt moves before the rise.Then the expected rise happened during Japanese session.They have made quick drop to form new low in GBP and near low in EURO for European session start time.They are expected to swing and firm up towards close of European session and then rise as a market surprise during US session.

Dr.Sivaraman

7 Responses to “Trend reversals moves are seen”

on 21 Jan 2009 at 5:55 pm1Jason

Hi Dr

Just checking with you.
The expected rise in the gbp and eur did not happen ?

What is your take on this ?
Do you still the eur and gbp rising ?

cheers
jason
on 21 Jan 2009 at 6:06 pm2Dr. S. Sivaraman

Dear Jason
Now it confirms the rise will happen from tomorrow in EURO and GBP.The quick downward extedned stop hunt and a reverse in GBP indicate that,similar to the rise from 2.03 to 2.11 they made in GBP ion the upside.
Regards
Dr.Sivaraman
on 21 Jan 2009 at 7:14 pm3tim

What will happen with EUR/GBP. Is this expected to reverse back below .90
regards Tim
on 22 Jan 2009 at 1:45 am4jason

Hi Dr

Thank you for your response.

However, from looking at the price action of eur , gbp and usd/chf, it still appears that the usd is strong and the feeling is eur is still weak.

What is your view today ?

cheers
jason
on 22 Jan 2009 at 5:37 am5Dr. S. Sivaraman

Dear Tim
EURO/GBP is expected to drop to 0.82 area in a month.For that less rise in EURO and more rise in GBP are the type of moves the players could make.However there will be swings to confuse traders every day.
Regards
Dr.Sivaraman
on 22 Jan 2009 at 5:38 am6Dr. S. Sivaraman

Dear Jason
Let the market show the moves and remove the uncertanity in your market perception.
Regards
Dr.Sivaraman
on 27 Feb 2009 at 4:37 am7Ally Carpenter

But there have been the expected rise recently. I read about trading calls or advices in 1983 and it inspired me to trade and I hope that it does the same for you.

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