Spiders - December S&P E-mini Futures: The futures are headed for 1000. First resistance on the way up is at 935. Support today is again at 875.
QQQ: The Q’s are headed for 34.
TLT - March Bonds: The market has reached resistance at 135 and should now begin a sustained downtrend.
March 10 Year Notes: The notes didn’t make it to 128 but I think this market has begun a sustained downtrend.
Euro-US Dollar: The euro has resistance at 135 and will probably be trading in the 122-135 range for a while.
Dollar-Yen: The yen will move into the 101-102 range before starting another decline.
XLE - OIH - USO – January Crude: The 40.00 target has nearly been reached and the next development should be a rally into the 55-60 zone.
GLD - February Gold: Gold has broken support at 760 and now is headed down into the 550-600 range.
SLV - March Silver: Resistance above the market stands at 1125. Next downside target is 650.
Google: Google has reached the 250-60 target zone which should be the end of its drop from 747.
6 comments:
Carl:
Can you update the 3 peaks and doomed house scenario please
It looks like on MONTHLY CHART, we have reached point 28?
IF so, whats next? DO we start from POINT 1 again or POINT 10?
TIA
Pat
Hi Carl,
I just sold my long position from 844.00 and went short at 890.00 just now into the close. I will remain short until we blow through the overhead resistance at 920.00.
Thanks.
Kindest regards,
PM
hey carl
im wondering if you are aware of amazons up coming change in there honor system ??? im wondering if they will be doing away with it all together ??
joe
Thanks, Joe.
hey carl
your welcome , looks like you came to same conclusion as me ,
amazon is going to loose a bit of bussiness by making it more complicated
joe
you still saying 1000 how long you going to be stuck on that. we go lower before we go higher and i do not think you will see 1000 for a long time.
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