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

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Mid week volatile moves

Posted on March 25, 2009 at 9:49 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

EURO and GBP appear bearish.They are expected to swing during Japanese and European sessions today and drop quickly during US session and the n slowly recover towards close of US session.They are expected to make the quick rises from tomorrow till week end.

This sort of volatile moves are seen during middle level consolidation, during that time either way stop hunts are common.As the middle level consolidation comes as continuation of lower level consolidation and downward stop hunt moves,it may appear that majors are not having sufficient stength,but the players are expected to give more strength during month end move time.

Regards

Dr.Sivaraman

12 Responses to “Mid week volatile moves”

on 25 Mar 2009 at 10:05 am1Fernando Vargas

Hello Dr S

I would like to know if the USA Gap have a change with the Daylight changes.

Thanks in advanced.
on 25 Mar 2009 at 1:48 pm2Dr. S. Sivaraman

Dear Fernando Vargas
from Day light saving system gap time before US session is 13:00-13:30 GMT.From 30th of March gap time before European session will be 07:00-07:30 GMT as well.
Regards
Dr.Sivaraman
on 25 Mar 2009 at 2:11 pm3jason

Hi Dr

Can I know what is your opinion on the sudden jump up in the majors in reaction to Geithner’s comments ?

Do you still see the majors dropping during the US session and then slowly rising towards close later after this suddent spike up move ?

cheers
jason
on 25 Mar 2009 at 2:30 pm4Dr. S. Sivaraman

Dear jason
They simply made a pump and dump move- to hit the stops of the lower level short sellers at higher levels and now making the slide to hit the stops of the higher level buyers below the low.Either way stop hunts during middle level consolidation time.
Regards
Dr.Sivaraman
on 25 Mar 2009 at 3:17 pm5jacob

any comments on usd/chf, it has been in really tight consolidation all week
on 25 Mar 2009 at 3:22 pm6vinesh

Doc your u r comments on UJ? do we still expect to see 100
on 25 Mar 2009 at 4:35 pm7Dr. S. Sivaraman

Dear jacob
USD/CHF is expected to drop less and rise more here after.
Regards
Dr.Sivaraman
on 25 Mar 2009 at 4:36 pm8Dr. S. Sivaraman

Dear vinesh
till reaching 99.5 it will appear as if USD/YEN may not rise above 100.But once it rises above 100 it may not go below that for a long time.I am expecting that before this month end.
Regards
Dr.Sivaraman
on 25 Mar 2009 at 5:49 pm9George

Dear Dr.S.Sivaraman,

Could you please explain why GBP and EUR came out of sync all of a sudden (EUR growing and GBP under pressure) and for how long would you expect the EUR/GBP cross to continue raising after breaking the downward trend this morning. Thanks in advance for your kind comments!

Best Regards,

George
on 25 Mar 2009 at 7:32 pm10Barry

Dear Dr.
It was a quick rise instead of quick drop as you expected in the US session. Such movement gives me a feel that euro is strong and unable to drop anymore. If all the retailer traders do fell the same like me, Was the players just creating bull feelings and will act aginst us and really drop it out of your expectation as well.
Technically. euro is still strong above 1.3410 as the short traders has not cut last friday’s low for three days. Technicians should long above this line and short below that. It is unlikely that the line will be cut today and you are expecting more rise tomorrow. Why the big players will not go against the technical analysis?
Regards
Barry
on 26 Mar 2009 at 5:55 am11Dr. S. Sivaraman

Dear George
EURO/GBP made the upward stop hunt yesterday.They are expected to drop today and more drop tomorrow for week end.Again we could see 0.87 area in that.
Regards
Dr.Sivaraman
on 26 Mar 2009 at 5:57 am12Dr. S. Sivaraman

Dear Barry
Today during European session they could test below the support derived by TA and hit the stops before the spike they intend to do tomorrow for week end.
Regards
Dr.Sivaraman

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