Tuesday, May 18, 2010

Guesstimates on May 18, 2010

June S&P E-mini Futures: I think that last week's low at 1056 ended the correction from 1216. Yesterday's low ended the correction from 1174. Today's range estimate is 1135-55.

QQQ: A move up to 54.00 will be the next big swing.

TYX (thirty year bond yield): I think this market is headed for 5.40%.

TNX (ten year note yield): I think that the market has begun a swing up to 4.50%.

Euro-US Dollar: The market is starting to stabilize. The 131 level is resistance. Support is at 122.

Dollar-Yen: A rally to 100.00 is underway. Support is at 90.00.

June Crude: I still think the next big move will take crude oil to 50.00.

GLD – June Gold: The odds are that the market will continue upward to 1320. I still expect to see 875 before 1400.

SLV - July Silver: I now think silver will rally to 21.50 and then begin a move to 10.oo.

Google: The 495-505 zone is support. A move that should take GOOG above 700 is underway.

Apple: Should reach 350 (at least) before the bull market ends. Support is at 240.

1 comment:

Adsense said...

Hi carl
thought i would note a few things in regards to lindsey time spans
counting 414 calendar days from
march 9 2009 we get a date of april 27 2010. the dow peaked on april 26th 2010 ( so far anyway )
hence lindsey's time spans still appear to be working . my bias is we do not begin a meaningful down trend untill early august but i still have to respect this .
also when i look at the time spans
on the downside from 2007 peak to the lows of 2009 there was a series of 3 time counts which all pin pointed lows which i believe is rare, therefor im guessing we should see a series of time spans all measured from different points
such as nov 21 2008 and possible even the oct 10 2008 lows along with the recent count from march 9th all showing a series of highs .
one count as an example , nov 21 2008 plus 627 calendar days is aug 10 2010. taking the feb lows and the recent lows on a weekly chart to keep it simple , low week of feb 1 , low week of may 3,next comes week of aug 2nd . this fits with the times spans and a low to low to high count ( will have to watch the market in that time frame for a top )lastly from the week of oct 8 2007 the dow fell for 74 weeks into the week of march 9 2009 low , adding 74 weeks to this we get the week of aug 9 .
high low high .lastly taking the low to low to high count one further .week of nov 2 2009 low plus 13 weeks week of feb 1 low plus 13 weeks week of may 3 low plus 13 weeks week of aug 2 .
my addition to this is what i term the 2 yr cycle which is figured from different methods and it peaks july 31 2010 .
look forward to a lindsey post from you in the future .
good luck