Thursday, August 04, 2005

Guesstimates on August 4, 8:45 am ET

S&P: The market is headed for 1257; meantime 1234 is support.

Bonds: The 1/2 point of the box at 114-15 is support and the bonds will now swing up at least to 115-26.

10 Year Notes: The bottom of the box at 110-17 is support and the notes will now move up to 111-12.should soon rally to the 1/2 point of the next box at 111-26.

Eurocurrency: The market has bounced off the top of its box near 123.70. Support is at 122.70 and the next stepupward will carry to 124.60.

September Crude: Resistance is 61.50 and the market is headed for the bottom of its box at 57.20.

August Gold: has reaced 436 but should move up to 442 soon. Support is 430.

Google: 292 is again support; the next move up will reach 343.

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