Friday, September 30, 2005

Guesstimates on September 30, 8:40 am ET

December S&P Futures: The next short term upside target is 1268 and support today is at 1224.

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 next swing should be upward to 126.50.

November Crude: I think prices will move downward from here. The next short term downside target is 60.60. We should see the 55.50 level in a few weeks.

December Gold: Headed for short term resistance at 488.

Google: 300 is support; upside target is 343.

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