Spiders - March S&P Futures: I think the Spiders have started a rally to 144.40 and the futures have started a rally to 1455.
QQQQ: The market is on its way to 44.70. should find support near 42.90 and then resume its rally to 44.70.
March Bonds: Resistance is at 112.28 and the market is headed into the 109-110 zone.
March 10 Year Notes: The notes have resumed their drop into the 105-106 range.
Euro-US Dollar: I think that a move to 116 and lower has begun. Resistance above the market is at 132.10.
Dollar-Yen: The market is headed for temporary resistance at 121.70. Support today is at 118.00. I expect to see the yen trade at 130 in 2007.
USO - February Crude: USO will probably rally to 49.00 before resuming its drop. Crude oil will probably rally to 59.00 before resuming is drop to 50 or lower.
GLD - February Gold: GLD is headed downward to 56.00. Gold has begun a break which will carry it below 600 and eventually below 500.
March Silver: Resistance above the market is at 1330. I think a big drop in silver is underway and will carry the market below 900.
Google: A move up to 564 is underway. Support is at 456. : I think the Spiders have started a rally to 144.40 and the futures have started a rally to 1455.
1 comment:
Just wondering if you will be doing an annual forecast this year.
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