20060203 Tom PM

INDU 11069 down 68 with lighter volume.
Nasdaq 2279.32 down 3.85 on lighter volume.
Gold looks great. Gold equities doing ABC down.

ADBL 10.97 up 1.10. Will run for 11.57 then pullback. [short there?]
AAPL 71.75 up .43. OK to short here.
SCHW 16.56 up .16. Great looking chart. Try to buy at 14.48.
DE 77.75 down 1.14. Consolidation. Can pull back to 69.81. Wants to go to 92.
NVAX 4.92 up .04. Not ready to buy.
NTES 75.5 up 2.62. Numbers after hours that are good.
OIH 138.66 up .11. ABC down - down on higher volume up on lighter volume. Going to 132. Tom is short VLO.
CAT 72.35 down .71. Just finished ABC up. Can pull back to 65.
DD 40.57 down .32. Consolidation. Wants to run to 42 or 43.
VLO 54.85 up .30. Tom is short. February 10 big volume down day with 4 point spread. The price spread is important.
ITRI 59.43 up 1.93. Going to swing high of 60.81. They couldn't bust it down, so it is going up.
IGPG 1.12 down .05. Not a buy. Could see .84.
GE 33.26 down .13. Consolidation. March 2004 hit 28 with volume and this is a problem.

MAG.TO 3.34 up .13. Maybe buy a pull back.
CWTR 22.07 up .41. Volume today. Action. May run to 22.73 tomorrow. Higher later.
ENER 47.02 up 1.78. Not a buy. 39.81 had down volume and needs to be tested.
MFE 23.08 down .10. Came down with monster volume in January. Dangerous to be long. Below 21.75 can go much lower to 17.31.
WMT 45.70 up .22. OK to buy. Better to wait to buy VZ.
VZ 33.92 down .07. Buy at 32.90.
AAPL 71.75 up .43. ABC down maybe to 53. Has been going up with lighter volume. Maybe short here.
CRED 22.95 up .27. Consolidation can come back to 19. Needs to show sign of strength before buying.