Monday July 5, 2004 - 03:27:07 GMT
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I-Knowindices - i-knowindices.com
EURO and GBP are expected consolidate at higher levels and reverse ......
As per our expectations the quick upward spikes happened in EURO and GBP.
Hope you are benefited in your trades......
This week on Monday the the false upward firming up move will be seen in EURO and GBP and once the bullish traders build more long at higher levels the slide will happen till Thursday and the emtional traders and chart based traders will become bearish during drop and do chase and sell trading during slide at lower levels (thinking that the sea is the bottom,) then the market will rise quickly on friday week end again.
EURO and GBP will reach the week beginning levels trapping the lower level short sellers again by coming week end......
so every week we will see that the emotional traders decide to buy at the highest levels and sell at the lowest levels set for the week, alone lose the game.......the linear charts and the news attributes given as commentary are the distractors for the traders to take such emotional decisions to lose......
a leisurely traders not over commiting in the market, if wait patiently will win all the time......
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