Wednesday, October 06, 2010

Guesstimates on October 6, 2010

December S&P E-mini Futures: Today's range estimate is 1152-69. Next upside target is 1175. The ES will move above 1216 over the coming months.

QQQQ: Next upside target is 51.00.

TYX (thirty year bond yield): The thirty year yield has dropped well below long term support at 3.85%. I think the market is at a juncture like that of December 2008 - fast drop in yield that will be followed by a fast rise. The bonds will soon begin a move to 5.40%.

TNX (ten year note yield): The 10 year yield has dropped more than I expected. Still, I think the next big move in yields will be upward. I think that the notes will soon begin a swing up to 4.50%.

Euro-US Dollar: The euro has moved into the 135-40 target zone. There is as yet no sign of a top.

Dollar-Yen: Resistance above the market stands at 86.50. A drop into the 78.00 - 79.00 range is underway and I think an important low will form in that zone.

November Crude: I still think crude oil is headed for 50.00.

GLD – December Gold: I don't see signs of a top so I am raising the upside target to 1380.

SLV - December Silver: The 22.50 level has nearly been reached but there are still no signs of a top. Next stop is 23.80.

Google: The 440 level is now 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.


extrader said...


How is your new seminar going? What are your results and individual results so far? I havent had a chance to join yet, because ive been busy with some things, but do plan to test it out.


dcatlowpj said...

Ditto for me, Carl..even though you were rude to me, I realize that Marketing expertise is not your cup of tea. I would never respond to questions the way you did. Nevertheless, I like your range calls and feel I could learn from you..and that is what it is all about.

I have been working the rest of my portfolio recently, and also studying an advanced chart trading method on equities and options...on a new, I will join later. Hope it's not too late.

So, how is it going? Can you list your trades for the rest of us to ponder (post-results, of course, as I would never trade your calls as you have told us not to do).

Good luck. Hope the room is full!