Darky Tuesday

Trade Candidates for the Day
Open ones: PCR: if falls on high volume, see second hammer in past three bar, target $150; TEX: mind the 25 July earnings report; RIO: Target: $50 gain, 5 bars to TXit, WFT:
Candidates: BHP: only if market is super fine; CENX: possible shooting star just formed but no volume; ISRG: possibly some profit taking to come first; SCHN: low fly doji below in sideways trading; TEF: gapped down on quite strong volume,

Trade Session Notes
Nikkei...18002.03...+38.39...+0.2%.
Hang Seng...23472.88...+107.32...+0.5%.
DAX...7905.03...-39.18...-0.5%.
FTSE...6585.60...-38.80...-0.6%.

10:15:10 AM MO: very bearish

CBOE VIX

18.06

1.25

Market	Adv	Decl	Unch
Nasdaq	914	4,243	181
NYSE	411	2,397	99

10:57:12 AM MS: bearish

CBOE VIX

17.55

0.74

Market	Adv	Decl	Unch
Nasdaq	1,199	4,285	206
NYSE	584	2,293	105

11:21:03 AM MS: bearish

CBOE VIX

17.62

0.81

Market	Adv	Decl	Unch
Nasdaq	1,249	4,348	219
NYSE	596	2,324	87

12:58:59 PM MS: bearish

CBOE VIX

17.57

0.76

Market	Adv	Decl	Unch
Nasdaq	1,321	4,550	228
NYSE	556	2,452	75

Open Trades as of EOD 23 July

Live

Symbol	Description	Stock	QTY	Cost Basis	Total c/b	Price	Market Value	Gain/Loss
PCRJP	PCR OCT 80 Call	$73.89	1	$5.20	$520.00	$4.90	$490.00	-30.00
T: 150$+ Xit 1. WR dips under -20 on volume 2. dip 71.05 on vol. 3. T Xit 7 Aug
RIOHR	RIO AUG 57.5 Call	$53,1	1	$0.45	$45.00	$0.65	$65.00	20.00
T: $57.94 or $100 or time exit at 30 July

Virtual

.TEXJS	TEX OCT 95 Call	$90.79	1	$6.60	$660.00	5.8	$580.00	($80.00)
T: $94,85, next earnings 7/25/2007
.WFTAL	WFT JAN 2008 60 Call	$59.07	1	$5.90	$590.00	5.6	$560.00	($30.00)
T: $63,67, exit if price dips on volume or JC