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Spiders - March S&P  E-mini Futures:  The e-minis are getting close to the 865-875 downside target zone. Strength above 900 will mean that a rally to 975 has begun. I still think that that the 1000 level will be reached this month.  

QQQ: The Q’s are headed for 34. The 29.50 level is support.

March Bonds: The short term trend has turned downward and should carry the bonds to 130.   

March 10 Year Notes: The short term trend has turned downward and should carry the notes to 120. .   

Euro-US Dollar: The euro broke below support and will probably drop to 132 before a substantial rally can start.

Dollar-Yen: I think the 87.50 level will hold and that a rally to 100.00 is underway.  

February Crude: Crude dropped below 40.00 support and should reach the 30-35 target zone before rallying to the 50.00 level.

GLD - February Gold: The 885 level should prove to be resistance and the market should soon resume its move down into the 550-600 range.  

SLV - March Silver: I still think this is a bear market.  Resistance above the market is at 1165. Next downside target is 650.

Google: Google has reached the 250-60 target zone which should be the end of its drop from 747.