Monday, December 19, 2005

Guesstimates on December 19 , 8:50 am ET

March S&P Futures: Should reach 1274 and then rally to 1298.

March Bonds: I think the bonds are on the way to 113-28. I expect the bonds to rally into the 115-116 zone before the bear market resumes.

March 10 Year Notes: The notes should rally to 109-28. I expect this market to move into the 111-112 zone before the bear market resumes.

March Eurocurrency: Short term support is at the 120.00 level and the next upside target is 122.30. The market is headed for 123.50.

January/February Crude: I think the February contract will hold 57.80 and then rally to 64.00. I expect crude to trade in a range of $54 to $64 for several months before going much lower.

February Gold: Market should rally to 518. I think that the 544.90 high will hold for at least several weeks.

March Silver: Silver will rally to 885 or so before dropping to 812. The high at 934.5 (electronic) will hold for at least several weeks.

Google: GOOG will rally to 440.

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