Wednesday, September 14, 2011

Guesstimates on September 14, 2011

December S&P E-mini Futures: Today's day session range estimate is 1165-85. The ES is now headed for 1230-40. From there the drop to 950 or so should resume.

QQQ: Now headed below 50.00.

TYX (thirty year bond yield): The 30 year bond yield is on its way to 5.40%.

TNX (ten year note yield): The 10 year yield is near its historical low but will soon start a move to 4.50%.

Euro-US Dollar: The 1.3500 target has been reached. Resistance above the market is at 1.3850. I think we have seen only the first phase of a much bigger drop to 1.2000.

Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.

October Crude: Resistance above the market is at 92 and the next step down should take it to 60. I think this is a bear market in crude which is likely to continue down into the 50-60 range.

GLD – December Gold: Gold s headed for 2060.

SLV - December Silver: A move to 50.00 and higher is underway.

Google: I think much bigger drop than I expected is underway. Downside target is 375.

Apple: Upside target is 435. Support is at 345.


mike said...

Wow, real change to the new downside target. would like to see the chart posted to arrive at that target. thanks

catherine said...

Eur usd - yes , yes, yes. 1.19 first major high after the move from the lows. It is still strospherically high against the dollar.
CHF - same. 1 cup of coffee in a paper cup costs chf 6 on a railway station. ($8)