Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com.

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October 12, 2010 – Gold, Crude Oil, the Euro and the Dow are Overbought

The decline in the yield on the 10-Year note is overdone and still shy of my quarterly and
semiannual risky levels at 2.265 and 2.249. Gold remains extremely overbought and my
monthly pivot at $1343.7 is a magnet. Crude oil is below my semiannual risky level at $83.94
and is now overbought. The euro remains extremely overbought and seems to have difficulty
with the 1.40 level. The Dow is overbought on its daily and weekly chart, but daily closes above
my weekly pivot at 10,938 targets my annual risky level at 11,235 by Election Day.
10-Year Note – (2.380) Annual and annual value levels are 2.813 and 2.999 with monthly, weekly and
daily pivots at 2.555, 2.509 and 2.439, and quarterly and semiannual risky levels at 2.265 and 2.249.

Courtesy of Thomson / Reuters

Comex Gold – ($1354.4) Quarterly, semiannual and annual value levels are $1306.4, $1260.8,
$1218.7 and $1115.2 with monthly and weekly pivots at $1343.7 and $1350.2 and daily risky level at
$1361.3.
 Courtesy of Thomson / Reuters

Nymex Crude Oil – ($82.21) Weekly and annual value levels are $79.62 and $77.05 with my
semiannual pivot at $83.94, and monthly and daily risky levels at $84.74 and $86.11.

Courtesy of Thomson / Reuters

The Euro – (1.3871) Weekly, quarterly and weekly value levels are 1.3737, 1.3318 and 1.2919 with a
daily risky level at 1.4034. My monthly value level is 1.2342 with semiannual risky level at 1.4733.

Courtesy of Thomson / Reuters

Daily Dow: (11,010) Semiannual, annual and quarterly value levels are 10,558, 10,379 and 8,523 with
monthly, daily and weekly pivots at 10,857, 11,000 and 10,938, and annual and semiannual risky
levels at 11,235 and 11,296. My annual risky level at 11,235 was tested at the April 26th high of
11,258.01.

Courtesy of Thomson / Reuters

That’s today’s Four in Four. Have a great day.
Richard Suttmeier
Chief Market Strategist
ValuEngine.com
(800) 381-5576
Send your comments and questions to Rsuttmeier@Gmail.com. For more information on our products
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