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

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market reversal

Posted on October 22, 2009 at 5:22 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman

When every one is expecting the market to reverse ,the players make slow rise and induce restlessness among traders.the players also know well no one will make a buy near the high for the season- but they do making circular traders only to attract margin call in lower equity accounts and to induce short covering from over traders.

Today they are expected to swing and slide nominally during japanese session.

A quick rise during start of the European session and then slide to follow during rest of European session.

During US session a quick drop and then a rise to attract more buy orders near the low and then drop quickly towards close and gap time to fill all the limit buy orders are the expected moves.

Tomorrow for weekend swing and slide moves are expected to start with and quick drop from european session could be seen.

Regards

Dr.Sivaraman

Tags: Market reversal

38 Responses to “market reversal”

on 22 Oct 2009 at 5:49 am1Arun Kandyal

Hi Sir
Do you see GBP could go below 1.6500 during Europeon Session thx.
Regards
Arun Kandyal
on 22 Oct 2009 at 5:59 am2smith

Doc, as I see the net change, it seems that the players want to drop EURGBP again, and rise the denominator currencies. But parallel to that GBP may rise as well. What do you think?
AUD is also in corrective mode.
on 22 Oct 2009 at 6:12 am3grow

Good morning do you expect the highs to be cut to day during either of the sessions?
on 22 Oct 2009 at 6:25 am4jaydee

Dear doc,
please can u tell that are players still buying in gbp/jpy or are they now building the sell positions?
regards
on 22 Oct 2009 at 6:39 am5Jeeson Augustine

GBPJPY @ 151.90 is clearly sell positions - Stochastic in Hourly & 240 are above 80
on 22 Oct 2009 at 7:57 am6rich

Nice call Jeeson.
Can I read your blog??
on 22 Oct 2009 at 7:58 am7Leon

Hi Doc. Do you believe that EUR/USD pair will fall during today’s session?
on 22 Oct 2009 at 8:03 am8Francesco

Dear Dr.Sivarman,

could the targets of this reversal be seen around 1,44 for EUR and 1,58 for GBP and be reached around the half of next month?

Regards
on 22 Oct 2009 at 8:13 am9Dr. S. Sivaraman

Dear Arun Kandyal
Yes,expected
Regards
dr.sivaraman
on 22 Oct 2009 at 8:14 am10Dr. S. Sivaraman

dear smith
yes euro/gbp is expected to slide more.they can do that by dropping euro more holding gbp as well.
Regards
Dr.Sivaraman
on 22 Oct 2009 at 8:15 am11Dr. S. Sivaraman

Dear grow
They may not cut the high today here after.
Regards
Dr.Sivaraman
on 22 Oct 2009 at 8:16 am12Dr. S. Sivaraman

Dear jaydee
GBP/YEN is expected to swing and firm up around the current level.They are expected to hold gbp and firm up usd/yen .
Regards
Dr.Sivaraman
on 22 Oct 2009 at 8:17 am13Dr. S. Sivaraman

Dear Francesco
YES- expected.
Regards
Dr.Sivaraman
on 22 Oct 2009 at 8:35 am14Adnan Butt

Respected Dr,

Where do u see the eur/usd tomorrow as it is week end?
below 1.4850????
on 22 Oct 2009 at 8:51 am15pipso

Dear Doctor, will we see tomr’s high of eurusd anytime soon? As stated manytimes, i am still holding eurusd from 1.45 short, when will we see the region? thank you
on 22 Oct 2009 at 9:02 am16Ahmed Hanif

Dear doctor what levels do u see for pound at the end of this week?

Regards,

Ahmed Hanif
on 22 Oct 2009 at 9:29 am17j.j

Dear Dr. Sivaraman hi, thank you so much for all the good work,regarding the Euro/$ the low for the year is done so how you about the high level and time?
regards
on 22 Oct 2009 at 9:45 am18carlab

Dc: Good call on today’s reversal. Obviously easier at 1.50 than 1.47 since we were waiting for. Do you think will EU and GU may cut today/tom the week lows? 1.4820 and 1.6240?
Tks very much
on 22 Oct 2009 at 10:09 am19Junaid Pervaiz

Dr,

Do you suggest next week will be a dollar week in regards to pound, if yes do you see pound to fall below 6330?

Your reply will be higly appreciated.

Regards,
Junaid Pervaiz
on 22 Oct 2009 at 10:40 am20maxi

jeeson - could be replicant, move back up to 160 in g-y
on 22 Oct 2009 at 10:44 am21Jeeson Augustine

Hello Dr
Commerzbank says GBPUSD break above 1.6535 will target 1.7045. Is this move expected..

Thanks rich 151.90 to 150.55 was very nice; hope you made some too!!

Jeeson
http://jeesonsviewoneconomyfinance.blogspot.com
on 22 Oct 2009 at 11:07 am22Jeeson Augustine

maxi - I’ll stick with Dr view the reverse trend is on.GBPYEN is oversold in daily chart
on 22 Oct 2009 at 11:10 am23Jetsetter

Dear Dr. Sivaraman
I have to say I am slightly confused by your answers: how do you expect GBPJPY “hold and firm up” and the GBP/USD go to 1.58 at the same time? Thanks!
on 22 Oct 2009 at 11:13 am24maxi

jeeson, oh i agree with Doc too, i am already short! just wondering if usd-yen might spike up as usual, but hopefully it wont affect it
on 22 Oct 2009 at 11:40 am25maxi

jeeson - i can’t get into your blog
on 22 Oct 2009 at 11:50 am26Jeeson Augustine

Its on now!!
on 22 Oct 2009 at 2:34 pm27jefe

Maxi-

FWIW on GY the last large move down was for players to markdown the price -buy cheap- huge volume climax and prices didn’t go down. (it doesn’t mean selling was wrong- just a different perspective) look for higher prices in the future (also Doc mentioned possibility of strengthing USD holding GU– EU would drop and UJ would rise raising GY.
on 22 Oct 2009 at 2:45 pm28prince

jeeson

How do I see your blog? whats the address?
on 22 Oct 2009 at 3:09 pm29IndianTrader

Dr Sir, There is not much movement in the market today in the downside from the net change. What do you think, Players intentions are at the moment?

Quite a number of analysis reports are calling it as start of uptrend in GBP/USD which is quite in contrast to you analysis. Can you thrown some more light on why do you think it is going to drop?
on 22 Oct 2009 at 4:15 pm30maxi

jefe - i think doc means holding yen crosses, whilst dropping/handling majors in order to raise u-y…. getting ready to lower u-y AND yen croses (yen strengthening)

this supports view that u-yen has further to fall (enticing traders to go long dollar)

soorry but i don’t understand:
FWIW on GY the last large move down was for players to markdown the price -buy cheap- huge volume climax and prices didn’t go down. (it doesn’t mean selling was wrong- just a different perspective) look for higher prices
on 22 Oct 2009 at 4:40 pm31maxi

jefe - ok i re-read it, same thing as doc, actually happened today… what do u mean about huge volume climax and didnt go down?!
on 22 Oct 2009 at 5:16 pm32jefe

Maxi,

Yes- They lowered prices for the news– and then the players bought more shares cheap to redistribute at higher prices.

If you look at a 30M chart on GU, GY, and EG you will that all had huge volume spikes –look and see where price went afer the climax (also the candle was not engulfing those tails were the buyers (sellers on EG)— THE OPPOSITE DIRECTION… This was the players chance to buy more GU and GY and sell more EG.

IF those were on GU/GJ sellers– price would have continued downward. If you look at the smaller tfs on the GY you will see where the players “tested” (and retested)for supply moving upwards.
on 22 Oct 2009 at 6:21 pm33smith

slow intentional rise, no sign of reversal. Corrections are seen only intra-day but “buy on the dips” is still working and the best way for earn money.
USD gaining move is still not in the focus (Nov is far away from here), until then EUR easily can rise to 1.51 area. Traders are still on the short side and big drop is a dream.
on 22 Oct 2009 at 7:18 pm34Santosh

Nicely Put Smith
on 22 Oct 2009 at 11:44 pm35Diego

Sentiment is only 14% buy for GBP/YEN, does that means that players will do big upward movement to take all the shorts?
on 23 Oct 2009 at 12:25 am36sandy

long euro 5046, stop loss 5012
target 5246
on 23 Oct 2009 at 1:21 am37radha

Team, Thought for today.

Direction of EURUSD may be determined by GOLD.
If GOLD do not make a new high…we may see EUR trend lower

Cheers
on 23 Oct 2009 at 10:24 am38Jason Macko

Hope no one went long on GBP - GDP came in worse than expected. Saw the reversal before it happened sold, but it was nice to open this page up and get some additional confirmation for my idea. Not too sure about EUR covered that short already with a meager $25 profit before it climbed higher on the back of EUR/GBP buying. GBP/USD +$880. Who said fridays are a bad day to trade?

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