Wednesday, August 10, 2005

Guesstimates on August 10, 8:45 am ET

S&P: The 1227 level is support and the next step up will carry the market to 1268.

Bonds: Still likely to drop to 113-06 but for this to happen resistance at 114-22 must hold.

10 Year Notes: Still lkiely to drop to 109-18 but for this to happen resistance at 110-16 must hold.

Eurocurrency: The market will drop to support at 122.70. Resistance is at 124.60.

September Crude: Has nearly reached the top of its box at 64.40 and the next big move will be downward.

December Gold: will reach 449 soon and support is at 436.

Google: 280 is support; the next move up will reach 343.

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