Friday, July 29, 2005

Guesstimates on July 29, 8:50 am ET

S&P: The market will hit 1257 in a couple of days; meantime 1232 is support.

Bonds: The market has nearly reached 116-18. I think it will hold support at 116-02, the top of the first rally box andthen move to the top of the first rally box near 116-26 before a more substantial reaction begins.

10 Year Notes: Should hold support is at 111-13 and rally to 111-26 to 111-28.

Eurocurrency: Will hold support is at 120.90 and next step up should carry to 122.80.

September Crude: Support is at 59.70 and upside target is 62.10.

Gold: Support is at 420 and next upside target is 436 and 450 after that.

Google: 292 is support and the next move up will reach 343.

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