Friday, March 28, 2008

Guesstimates on March 28, 8:00 am ET

Spiders - June S&P E-mini Futures: Support is now at 1310. We shall probably see a 1380 print before another 50-60 point break occurs. The market should rally into the 1430-50 range over the next couple of months.

QQQ: A rally to 47.50 is underway.

TLT - June Bonds: Resistance is still at 120-20 and I think the bonds will soon begin a drop to 112. I think TLT will drop to 88.

June 10 Year Notes: Resistance is at 120-00. I think the notes will soon begin a move to 112.

Euro-US Dollar: The market has rallied back near its 159.03 high but unless is closes above that level I shall still expect a reaction that will carry at least to 150.00 or so and probably lower than that.

Dollar-Yen: The yen will probably make it down to 93.50 before a good rally begins. Meantime resistance stands at 101.20.

XLE - OIH - USO – May Crude: I think a break of at least $20 has begun.

GLD - June Gold: The market should now be headed for the 750-80 range. Resistance is at 960.

SLV - May Silver: It looks like the silver is headed for 15.50 or so. Resistance is at 1870.

Google: Google still has support at 420 and I think the next big move will be upward.


Anonymous said...

ya sure it is. You will be wrong again. In a bear market there is no support.

anb said...

Carl: How about a Lindsey Update: Count from the Middle Section and Domed House? regards, anb

Anonymous said...

Great call Carl! 1310 Held, now it's all the way clear to 1450!

You just got to give it some time.