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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: The Daily Stoch and MAC Report

The Daily Stoch and MAC Report

posted on Feb 29, 2008 07:43AM

Dabbling with the charts again. Please note that the shorter the term, the more readily it will can change. For instance, Daily charts will change less then hourly, which change less than minute to minute.

Anyways, for all you wannabe chartists...

Three minute is Bearish as of 230 eastern time.

Hourly (gives a good indication of what is happening on a daily basis):

SP above long term = Bullish

Stochastic: Short term below Long term indicates more selling than buying. However, Short term turned upward. No Bull/Bear conclusion.

MACD: In Bull Mode. However, Short and Long term are converging.

For Daily charts :

Price: Current price above long term avg = Bull Mode

Stochastic: Range is 0-100%. Short term (70'ish %) above Long term (45'ish%). Indicates Accumulation = 2/3 Bull Mode

MACD: Short term above Long term and trending up. Indicates Accumulation. Short term above, but long term below signal line. Headed Bullish, but not there yet.

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