Thursday, August 25, 2005

Guesstimates on August 25, 8:45 am ET

S&P Futures: The 1/2 point of the current box at 1202 is now support and from there I think the marketwill start a rally to 1268.

Bonds: 116-30 is still resistance today and from there the market will drop to 115-04 before resuming the rally into the 121-123 zone.

10 Year Notes: Resistance today is still 111-31 and the notes will then drop to 110-30 before the rally resumes.

Eurocurrency: The market has held support at 121.70 and is now on its way to 125.60.

October Crude: The market will hold resistance at 67.40 and begin a drop to 60.50.

Gold: Support is at 444 and the next step up will carry to 463.

Google: 272 is support; the next move up will reach 343.

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