Monday, October 31, 2005

20051031 Tom PM

GS not distribution, it is pushing the high with volume. pushing high with volume is accumulation and indicates more highs.
SCH closed over 52 week high, breaking out.
AMZN gapped down three days ago. up today. will take some time to consolidate to find direction.
HL two days down with big volume. rejected lower price today and closed up. was a nice buy today.
PXLW in a down trend. up 5.8% today. buying would be bottom fishing.
AUO up 6.4% today. coming off bottom.
NEM down 3.5% on 1/2 higher than average volume. the PDG takeover is bad for NEM.
NTO 2.52 down .02. consoliadation. need a sign of strength.

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