Wednesday, October 05, 2005

Guesstimates on October 5, 8:45 am ET

December S&P Futures: The market will probably drop to the ½ division point of the current box near 1202 and then rally to 1268.

December Bonds: I think a big move upward into the 121-123 range started from the August 8 low at 113-09. The bonds should reach the 115-08 level in a few days.

December 10 Year Notes: I think move up to 116 started From the August 8 low at 109-02. The notes should start moving higher from here.

December Eurocurrency: I am now expecting the market to reach the 117.50 level and then rally to 124 or so.

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. Support is at 466.

Google: 300 is support; upside target is 343.  

1 comment:

Anonymous said...


thanks for your daily post. Do you really believe market would rise to me it looks like bears are in control. yesterday it failed to hold 1225 again. that is not a good sign..would appreciate yur thoughts.