Monday, April 10, 2006

Guesstimates on April 10 , 8:50 am ET

June S&P Futures: The market should reach support at 1296 soon and then rally to new highs.

June Bonds: The overnight low at 107-17 should hold for a few days and the bonds should rally to at least 108-16.

June 10 Year Notes: The overnight low near 105-20 should hold for a few days and the notes should rally to 106-08.

US Dollar -Euro: The market should rally from 121.00 to 122.10.  At the moment I can’t decide whether this will be the start of a move up to 125.00 or just the second phase of a three phase correction from 123.31.

May Crude: The market will rally to 68.80 before turning lower. The next significant move will be downward to 56.80-57.20. I think that over the next few months the market will drop to 52.00 or lower.

June Gold: Gold has nearly reached my 605 target. The next big move will be downward.  

May Silver: Silver has exceeded all my upside targets. Next resistance is at 1272. the 3 5/8 multiple of the 1991 low at 351.

Google: I am convinced that GOOG is on its way to 440 although a move to 495 no longer seems likely. Support is at 398.  

1 comment:

Anonymous said...


i was just wondering about OIL. i know you have been expecting oil to move downwards but do you think oil could possibly rally to 75-80 before they turn downwards? just asking for your opinion according to the theory.

also, could you include NYX, if you like, in your database.

Thanks and have a good day.