Wednesday, September 21, 2005

Guesstimates on September 21, 8:55 am ET

December S&P Futures: I think the market will hold support now at the bottom of the box at 1224. The next short term target is 1268.

December Bonds: I think the next big move will be upward into the 121-123 range has begun.

December 10 Year Notes: I think the move up to 116 has started.  

December Eurocurrency: The rally should stall a previous support near 122.70 and then I think the market will drop to 120.80.  A decisive move above 123.00 will convince me instead  that the rally to 126.50 is underway.

November Crude: The market broke past 67.30 resistance early this morning but the 68.30 level should halt the move up from 63.20. We should see the 55.50 level in a few weeks.

December Gold: The market is spending time above the top of its box near 469 but I still think a reaction of at least 10 to 12 dollars is likely before the up move resumes.

Google: 290 is support; upside target is 343.  


Anonymous said...


looks like 1225 support is not help..we are headed down 200ma to 1199..

also, i would like to ask you..did you forecast the dotcom bear market back in 2000?

Carl Futia said...

I think we just made the day's low in the futures at 1220.20.

I had a lot of friends who made tons of money in the dot com boom. I told them that it would end in September 2000.