Tuesday, November 01, 2005

Guesstimates on November 1, 8:50 am ET

December S&P Futures: The market is headed for 1223 and eventually to 1350. Support is at 1195.

December Bonds: The longer term trend in the bonds is downward. Resistance above the market is at 112-16.

December 10 Year Notes: The longer term trend is downward.  Resistance above the market is at 108-24.

December Eurocurrency: The market stalled at 121.80 resistance and is now on its way to my 117.50 to 118.50 target area.

December Crude: The market is headed for the next downside target at 57.90. The market should be trading below 56.00 soon.

December Gold: The market is now headed for 500. Support is at 461.

Google: Has reached the short term upside target at 369. Support is now at 352 while next step up will carry to 389.

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