20060203 Tom PM

DOW down 58.
SPX down 6.81. Expect another 20 to 30 points down.
Monday morning can see 1245 quickly.
Nasdaq 2262 down 19. Will quickly see 2245.
Next week Weird Wally Wednesday. Wednesday before
options expiration, sees volatility, often market
turn.

CESV 7.85 up 1.02. Had to be bought yesterday, but
market was going south. It retested the December 21
high that had volume. Highs with volume are retested.
Will again go to 5.82 and buy there then goes back to
10.
AMZN 38.33 down 4.41. Down on numbers. Get ready to
get on this when you see sign of strength and market
turns up.
ADST 2.18 down .04. Don't want to be long because:
September 23 sign of strength, November 8 down with
volume, then up with no volume, then December 12 down
with volume, then up with lighter volume, then down
with some volume, up with very light volume. Going
back to 1.25.
SRVY 7.31 up .29. Making a base, building cause since
September 30. Can go back to 8.16 right now. Lots of
relative strength today. Nice setup.
PBR 88.75 down .25. Monday or Tuesday may go down and
consolidate. Going to 82.
GNTA 3.06 down .12. Finished ABC structure, so stay
out for awhile. Can go back to 2.20.
NXG 2.19 down .09. Came off highs with volume. Maybe
gets down to 1.80.
IFO 13.44 up .25. This is in the middle. Can go back
to 9.95 or 7.70.
TXCO 10.89 down .82. Extending with lighter volume.
When it has higher high and closes underneath, then
get out.

WMT 45.49 down .79.
ORCL 12.21 down .18. Will test 11.99 high volume selling day.
NG 12.37 up .02. Last night did secondary. Buy at 10.95.
GRS 14.63 down .37. Doubled in past three months.
You want to buy miners just when they are opening minds.
MOVI 4.03 down 1.01. Do not be long. Is out of consolidation range.
IFN 46.15 down .71. Can start buying at 43.70. Wants to go to 51.
SYD 41.95 down .19. Not a buy because of monster down volume in December.
ERS 21.15 up .83. Super strong. Higher highs, higher volume. Do not be short.