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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Are we seeing the beginning of a new trend?

Are we seeing the beginning of a new trend?

posted on Dec 22, 2007 11:36AM

I found this info to be very interesting to which you may find the same. It appears that our KRY play had a positive volume reversal on December 21st. What is a volume reversal? It is described as follows:

"A Volume Reversal (tm) is change from a Rally day to a Reaction day accompanied by an increase of volume or a change from a Reaction day to Rally day accomanpanied by an increase in volume. Volume Reversals (tm) coming off intermediate lows or highs have greater significance in helping to define those lows or highs and important pivot points in the marketplace."

Important to remember here is that a positive volume reversal could be a short term trading or a trend changing trading opportunity where big money could be moving into the stocks. It should be noted that nothing is 100%, but used with other indicators can be a powerful tool to guide your trades. Here is the good part. Two of the stocks that formed a positive volume reversal in the metals and mining sector were KRY and GRZ. Are we at a pivot point here and beginning to see the signs of a new trend change? Stay tuned... time will tell us.

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