Friday, September 23, 2005

Guesstimates on September 23, 8:45 am ET

December S&P Futures: I expect the bottom of the trading box at 1211,  described in Wednesday’s late afternoon post, to hold.  The next short term upside target is 1268.

December Bonds: I think a big move upward into the 121-123 range has begun. Support is at 115-04.

December 10 Year Notes: I think the move up to 116 has started. Support is at 110-20.

December Eurocurrency: The market should reach support at 120.80 soon.  Then expect a rally to 126.50.

November Crude: 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: I think gold will drop to 460 or so before the uptrend resumes.

Google: 300 is support; upside target is 343.  

1 comment:

Anonymous said...


i was looking at your explnation on S& per your say, you expect the market go to 1268..but techincally S&P broker the supper level and the TREND has turned looks like it could to 1160 in short term..any thoughts? do you see that happening?