20060512 Marc with Harry

Market sold off with huge volume.
Gold 26 year high.

Gold making a top.
MOVI 4.83. Up 52%. Gapped up. There will be sellers at 5.75.

Harry:
Day after fed announcement is the day to watch. Today was ominous.
Gold and silver stocks going down while metals are going up. Stocks are anticipating correction in metal prices.
PAAS Looks terrible, though short term oversold.
HSTM 4.63. Held up, consolidation. Must stay above 4.20.
SIFY Trailing REDF.
REDF Harry chart of week. Broke three month downtrend with increasing volume.
BIDU Harry chart of week.
AMD Dangerous. Risk going down to 25 on a retracement. Today was a very bad day. Price got ahead of itself. Don't try to pick a bottom here.
OTIV Consider buy at 10 or 11.
ASVI Possible short. Ugly.
CER[MN] 37.31. Beauty short. Looks lower to the high 20s.
FFIV Nasty looking chart.