20051027 Tom AM

market is waiting on indictments.
MNG caller says no volume when trying to go up. tom says this is positive because it is below the lows. buy is 6.55 right here.
CDE 600,000 volume 1/2 hour into the day is okay. these are below the lows so lighter volume here is okay.
HL down 14%.
federal reserve meeting next week.
GTRC big breakdown yesterday with ten times volume.
DRIV gapping down 28%.
S&P building ABC up.
FNM 47. do not short during window dressing because it has high institutional ownership. can counter trend bounce to 52. if it goes below 41 it can go a lot lower.
SGR wait to buy at 24.
MDG down on big volume yesterday. wait to buy at 18.
C 45.8. consolidation. can buy at lower end of consolidation.
banks are starting to look good.
BAC looks good to buy. can run up a couple points.
BVN down 10% so far today on heavy volume.
AKS so far down 5% today with average daily volume. longer term ABC up.