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

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Players proving their presence

Posted on February 27, 2009 at 16:31 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP were taken to bottom level in the name of risk aversion because of more adverse GBP data.

Then in a matter of 30 min they spiked up to hit the stops of the short sellers and all the way down move they made to hit the stops of the breakout traders on the downside.

They are expected to again rise towards close of the session.they showed their month end volatile moves to handle all the derivative products.

next month beginning they are expected to rise with spikes and upward gap openings.

trade with care

Regards

dr.Sivaraman

4 Responses to “Players proving their presence”

on 01 Mar 2009 at 10:30 pm1sam

Hi Dr,

I notice that you have talked about how Euro/US and GBP/US will shoot up this week (first week of March) by 1300 to 1900 pips. I was wondering if you think there would be a chance Euro/US will retest the February low of 12514 before shooting up as you have forecasted. Thanks for your time
on 02 Mar 2009 at 4:23 am2an

can you please explain what you mean by derivative products?
on 02 Mar 2009 at 5:47 am3Dr. S. Sivaraman

Dear sam
A quick drop is expected to happen for month beginning and then a quick rise. the rise of 1000+ pips is expected in this MONTH.
Regards
Dr.Sivaraman
on 02 Mar 2009 at 5:48 am4Dr. S. Sivaraman

Dear an
Derivative products are derived from the sport makets like futures and options market of currencies.they have the time frame to close the positions unlike the spot market.
Regards
Dr.Sivaraman

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