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

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Week end moves expected to be very volatile

Posted on February 13, 2009 at 8:52 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP made the meltdown moves yesterday - the ‘risk aversion’ move.Now they have firmed up again to hit the stops of the visible short sellers placed at higher levels.The players are expected to hold near high for some time during Early European session for the traders to turn long and then drop to hit their stops on the lower side towards close of European session and then start the US session from low and close towards high by end of US session for week end.

So very high volatile moves are expected to happen before the big recovery in EURO and GBP from next week - the ‘ risk appetite’ is expected to grow big at that time.

Regards

Dr.Sivaraman

3 Responses to “Week end moves expected to be very volatile”

on 13 Feb 2009 at 10:49 am1arun kandal

Hi DR Shivaraman

first of all i admire your views ,your daily market views are realy appreciatable ,eur n gbp fall yesterday n then make a quick rise in gbp ,can now we will see gbp above 1.5000 level in next week.

Regards
Arun kandal
on 13 Feb 2009 at 3:03 pm2Dr. S. Sivaraman

Dear arun kandal
Today they will make volatile moves in GBP and discourage any one taking long.Then next week they will rise without much volatility.Now they want traders to take higher level longs and off load to them at lower levels.They are building buy positions before the big rise.
Regards
Dr.Sivaraman
on 14 Feb 2009 at 10:28 am3Grega

Hi,
so your forecast is very bullish on EUR, GBP and AUD for quite some time?

Regards,
G.

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