Tuesday, September 27, 2005

Guesstimates on September 27, 8:50 am ET

December S&P Futures: The next short term upside target is 1268 and support today is at 1219.

December Bonds: I think a big move upward into the 121-123 range has begun. Support is at 114-12.

December 10 Year Notes: I think the move up to 116 has started. Support is at the 110-02 level.

December Eurocurrency: The market has reached support at 120.80 and the next swing should be upward to 126.50.  

November Crude: The 66.30 level is resistance today and the next short term downside target is 60.60. 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.  

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