20060106 Tom PM

Second up day of wide price spread. Confirmed ABC up today. We are going straight up.
Gold biggest up day since 1981 rejecting yesterday down day. Will consolidate for three or four months before taking off.

CHN China fund up with volume.
NEM 57.70 up 1.04. At sometime this will pull back to 52.49 (December 12 volume there). Volume has been going down with price going up. It is getting tired.
NG Volume accelerating on way up.
USNA 37.56 up .03. Need sign of strength before it will go up.
BGO 3.40 up .20. Did not hold upspike in price so short term bearish. Today broke down channel from 2003. Will go higher to take out 4.30.

ALKS 23.11 up .53. Can buy retracement at 18.95.
DEZ 3.33 up .54.
NGEN 2.68 unchanged. Consolidation. Needs sign of strength. Has a personality.
RADS 12.24 up .29. Tough to buy here because of money management.
MERX 8.15 up .18. Will run into resistance here.
IBM 84.95 up 2.95. Fundamentally is stopping pension.
TIE 73.23 up 3.24. Going up on lighter volume.
MSFT 26.91 up .08. Broke down trend January 3. Today rejected lower price. Can run to 27.75.
CCJ 68.92 up 1.21. Wait for pull back to buy.
IBIS 2.70 up .01. Wants to run to 4.45 from December. Action.