Tuesday, March 21, 2006

Guesstimates on March 21 , 8:50 am ET

June S&P Futures: Support today is at 1309. The next upswing will carry the market into the 1325-28 range.  

June Bonds: The bonds have reached my 111-16 target and are now headed downward. I think the market is on its way into the 107-108 zone over the next few months.

June 10 Year Notes: The notes are headed downward from here. I think notes will reach 104 or so in a few months.

Cash US Dollar -Euro: The market is headed up to 125.00. Support is at 120.90

May Crude: The market is now headed down to 56.80-57.20. I still think that over the next few months the market will drop to 52.00 or lower.

April Gold: I now think gold is headed for 598 or so after having completed a three phase drop to 534.

May Silver: I now think that silver is headed  for 1095.  

Google: Google should rally to 358 or higher. I am still convinced that continuation up to 405 and then to 495 is very likely.

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