I will instruct
sakal  (saw-kal')
to be (causatively, make or act) circumspect and hence, intelligent
thee and teach
yarah  (yaw-raw')
to flow as water (i.e. to rain); transitively, to lay or throw (especially an arrow, i.e. to shoot); figuratively, to point out (as if by aiming the finger), to teach
thee in the way
derek  (deh'-rek)
a road (as trodden); figuratively, a course of life or mode of action, often adverb
zuw  (zoo)
this or that -- that, this, wherein, which, whom.
thou shalt go
yalak  (yaw-lak')
to walk; causatively, to carry (in various senses)
I will guide
ya`ats  (yaw-ats')
to advise; reflexively, to deliberate or resolve -- advertise, take advise, advise (well), consult, (give, take) counsel(-lor), determine, devise, guide, purpose.
thee with mine eye
`ayin  (ah'-yin)
an eye; by analogy, a fountain (as the eye of the landscape)