Friday, December 22, 2006

Guesstimates on December 22, 8:50 am ET

March S&P Futures: The S&P’s should soon drop to support in the 1416-18 range and then begin a rally up to 1455 and higher.

March Bonds: The bonds got close to resistance in the 113-12 to 113-16 range. They will probably reach that zone before the down trend to 109-110 resumes.

March 10 Year Notes: A rally to 108-26 is likely before the market resumes its drop inot the 105-106 range.

Euro-US Dollar: I think that a move to 116 and lower has begun. Resistance above the market today is at 132.50.

Dollar-Yen: I think a move to 121 and ultimately to 130 has begun. Support stands at 117.40.

February Crude: Resistance above the market is at 63.80. I expect crude to drop to 57.50.

February Gold: I think a big drop in gold is underway and will carry the market below 500. Short term support is 605 while resistance above the market is at 628..

March Silver: I think a big drop in silver is underway and will carry the market below 900. The 1195 level is now short term support and resistance above the market is at 1295.

Google: Google has entered the 450-55 support zone. The next significant move should be upward to 564.


Anonymous said...

Do you actually trade your forecasts?

Carl Futia said...

Of course.

Anonymous said...

500 calendar day cycle and assorted Lindsay projections of November 17-20, 2006 so far is the exact top in the QQQQ and NDX

I give tremendous weight to Nov 17-20 and dont see a very favorable risk/reward in the Dow and SPX either.

Wouldnt surprise me at all to see an SPX move down to 1268 by February 2007 as the Hurst 4 1/2 year cycle has a violent "right translation".