March S&P Futures: I think the market is headed for 1320. The 1271 level should again be support today. The market should reach the 1350 level in a couple of months.
March Bonds: The next downside target is at 111-16 while resistance today is at 112-16. I think the market is on its way into the 107-108 zone.
March 10 Year Notes: Resistance is now at 108-04 while the next support level beneath the market is at 107-10. I think notes will reach 104 or so in a few months.
Cash Eurocurrency: The next downside target is117.90 while resistance is at 119.80. A drop to 113 and below is underway.
April Crude: The market will probably drop a bit below 58.00 before a rally of as much as $3 develops. Crude is headed for 52.00 and eventually lower than that.
April Gold: I think a drop of $100 is underway. Resistance today is 556. Next support on the way down is at 512.
March Silver: I think a drop of $2.00 is underway. Resistance today is at 950. Next short term support is at 860.
Google: GOOG has traded below 348 for three days now but I think short term support at 341 will halt the slide and that we will see a strong recovery above the 350 level. Once GOOG leaps over resistance at 405 it will be headed for the next upside target at 495.
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