Monday July 19, 2004 - 06:47:40 GMT
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I-Knowindices - i-knowindices.com
Dollar: week end market volatility and spike confused many - they are off loading strategies of the big players
When ever the spikes happen in the market understand that the big players wanted to exit quickly from their holding positions by doing pump and dump moves...they use the news or data release as trigger...they know well the traders have short memory and use different story to trap again......
a big prolonged reverse spike is expected in EURO and GBP after the extended rise for the week end ......they will make quick reverse move and the bullish feel will induce traders to go long in them during drops then get trapped...the way the market players trap the traders after creating the sentiments.....
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