Wednesday, June 22, 2005

Guesstimates on June 22, 8:15 am ET

S&P: headed up to 1242 and won't go to 1214 first.

Bonds: 117-24 was too conservative an upside target and 118-06 is now today's likely high. It is the top of the second 38 tick box up from 115-26.

10 Year Notes: 113-10 is resistance today.

Eurocurrency: Support is 120.60 and from there the market should rally to 124.00.

August Crude: headed for 62.00 with resistance today at 61.00 and support at 58.40.

Gold: has reacted to 1/2 point of the box at 436 and now should rally to 449.

Google: should rally into the 308-312 range.

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