Spiders - September S&P E-mini Futures: The e-minis have nearly reached the 1060 target. The next big move will be downward to 900 or so. I think there is a good chance that the 837 low will hold for quite a while, but even if it doesn’t the 810 level probably will.
QQQ: The 37.50 level looks like pretty strong resistance. From there a drop to 31 is likely.
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 now headed for the 110-111 zone.
Euro-US Dollar: The Euro should rally back to 139 or so.
Dollar-Yen: My revised 99.00 target has been reached. I think this market will stabilize and the yen will soon begin a big rally. Short term resistance is now at 104.00.
XLE - OIH - USO – November Crude: Downside target at 75 was nearly reached Friday. I expect crude oil to begin stabilizing but 75 is still likely soon. Resistance above the market is now at 88.00.
GLD - December Gold: Gold still has resistance at 935. I think gold will soon drop to 600.
SLV - December Silver: Resistance is at 1390. Next downside target is 900.
Google: Google has rallied past 380 but I think 405 is likely to be the top of this swing. Next move will be downward to 330 or so.