Spiders - December S&P E-mini Futures: The S&P’s should hold support at 850 and then resume their rally. Should 850 fail the next stop today would be the 825 level. QQQ: It looks like the Q’s are headed for 35.00.
TLT - December Bonds: I think a big drop is underway in the bonds. It should carry the market back to 111 or lower.
December 10 Year Notes: The notes are headed for the 110-111 zone.
Euro-US Dollar: The euro has resistance at 135 and will probably be trading in the 122-135 range for a while.
Dollar-Yen: The yen will move into the 101-102 range before starting another decline.
XLE - OIH - USO – December Crude: Crude is headed for 50.00 and resistance above the market stands at 65.00.
GLD - December Gold: I think gold will drop to 600. Resistance is at 775.
SLV - December Silver: Resistance above the market stands at 1125.
Google: Google is now headed for 250-260.
1 comment:
Carl, does the Lindsay theory take into account a new overriding philosophy of Socialism? Has Lindsay's theory been successfully applied to markets which are not free?
If not, do you think the political circumstances in the United States impact the usefulness of such models?
I ask this in all seriousness.
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