20051210 Tom PM

Oil went higher and closed off the high. Will go lower.
Metals extended and will retrace.
Gold within one dollar of 1:1.618 up. Will retrace.

MTXX 18.31 down 1.49. Volume heavy coming down. Not a buy. Problem child.
ITE 68.75 down 5.78. Down with big volume 3.4M. Made high today, 79.44, and coming off high with monster volume. Leads to vicious retracement. Can go down to 50 or 31 after a while. Watch how it sells off going into 56. If it comes all the way back up with lighter volume, then consider a short.
VLO 105.46 down 1.10. Rolling over. Doing a stock split. They are trying to hold it up.
GLG 24.57 down .81. Hit high today. Volume off the top. Will go down to 22.62.
FDG 38.79 up .39. Gapped down yesterday. Going back into gap. Will retest 35.

GLD Higher with with volume. Can retrace four dollars. Volume was high at the top here after a run up.
FWLT 36.34 up .01. Nice chart. Signs of strength. Price expansion with small angle so it can sustain. Close over 37 with volume and it can really escalate. Base building since 2003. Can go to 50 in a couple years.
GLW 21.16 up .04. Has been going up on lighter volume.
MLM 74. Higher volume on way down.
NMGC 8.68 up 4.88. Huge volume.
BOOM 28.76 up .02. Not a short. 65% short. Wants to go higher.
TIE 68.75 down 5.78. Hit high then off the top with volume. Can go down to 48.