Monday, August 08, 2005

Guesstimates on August 8, 8:40 am ET

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

Bonds: Will drop to 113-06 and then begin an extended up move.

10 Year Notes: Will drop to 109-18 and then begin an extended up move.

Eurocurrency: The market has support at 122.70 and the next step upward will carry to 124.60.

September Crude: Broke through 62.10 resistance this morning and is now headed for 64.20.

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

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

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