Forecasts for the Stock, Bond and Commodity Markets

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Guesstimates on September 2, 8:15 am ET

Posted on September 02, 2008

Spiders - September S&P E-mini Futures: The market has rallied nearly 20 points from its early morning low at 1276.75. It is also trading above most of Friday s range. Since I am basically bullish I just put back on my 200% long position at 1294.25. I think this up swing will reach 1340. Support today is at 1285. I still think we are in the early stage of a move to 1500. QQQ: Support is at 46.00. I think the Q s are about to take a step up to 51.00. During the next few months the market should rally to 55 or higher. TLT - December Bonds: I think the market will hold below resi...

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