December S&P Futures: The market dropped a bit past the ½ division point at 1202 this morning but then rallied back above it. There is still no sign that the drop is slowing down so I think that the low will occur near 1194. Next step up will be 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. Resistance today is at 121.80.
November Crude: I think prices will reach the short term target at 60.60 soon. A few weeks later the market will be trading near 55.50.
December Gold: Headed for short term resistance at 488. Support is at 466.
Google: 300 is support; upside target is 343.
1 comment:
carl, i agree on your theory, but it looks like you have been expectin 1268 for a long time, and the market hasn't gone there. i mean techincally market looks very weak..don;'t you think the trend has changed to downtrend?
looks like S&P is heading atleast 1180 in short term. any thoughts?
Post a Comment