Forecasts for the Stock, Bond and Commodity Markets

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Guesstimates on September 3, 8:15 am ET

Posted on September 03, 2008

Spiders - September S&P E-mini Futures: The e-minis are headed for the 1250 level. I am short 1 unit (100%) from 1284.75. From the 1250 level a rally to 1340 should begin. I still think we are in the early stage of a move to 1500. QQQ: Support is at 44.00. I think the Q s will soon 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 resistance near 118-16 and head much lower. December 10 Year Notes: The market has traded above resistance at 116-8 but there is secondary resista...

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