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You Are Here: Home > Articles > Contributors > Guesstimates on November 19, 2008

Guesstimates on November 19, 2008
Nov 19, 2008

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Carl Futia

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Spiders - December S&P  E-mini Futures:  Yesterday’s late rally turned the short term trend upward and it will remain so provided support near 840 holds. Upside target is 1050.  

QQQ: It looks like the Q’s are headed up to 33.00.


TLT - December Bonds: The 121-122 zone is very strong resistance and I think the market will resume its longer term downtrend from there.  

December 10 Year Notes: The 119-120 zone is very strong resistance and I think the market will resume its downtrend from there.

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 62.00.

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.

by Carl Futia (CarlFutia.com)

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