March S&P Futures: The S&P’s should soon drop to support in the 1416-18 range and then begin a rally up to 1455 and higher.
March Bonds: The bonds got close to resistance in the 113-12 to 113-16 range. They will probably reach that zone before the down trend to 109-110 resumes.
March 10 Year Notes: A rally to 108-26 is likely before the market resumes its drop inot the 105-106 range.
Euro-US Dollar: I think that a move to 116 and lower has begun. Resistance above the market today is at 132.50.
Dollar-Yen: I think a move to 121 and ultimately to 130 has begun. Support stands at 117.40.
February Crude: Resistance above the market is at 63.80. I expect crude to drop to 57.50.
February Gold: I think a big drop in gold is underway and will carry the market below 500. Short term support is 605 while resistance above the market is at 628..
March Silver: I think a big drop in silver is underway and will carry the market below 900. The 1195 level is now short term support and resistance above the market is at 1295.
Google: Google has entered the 450-55 support zone. The next significant move should be upward to 564.
3 comments:
Do you actually trade your forecasts?
Of course.
500 calendar day cycle and assorted Lindsay projections of November 17-20, 2006 so far is the exact top in the QQQQ and NDX
I give tremendous weight to Nov 17-20 and dont see a very favorable risk/reward in the Dow and SPX either.
Wouldnt surprise me at all to see an SPX move down to 1268 by February 2007 as the Hurst 4 1/2 year cycle has a violent "right translation".
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