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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: Today's Trading - Fridaaaay

Today's Trading - Fridaaaay

posted on Apr 03, 2009 11:25AM

On NYSE: Well, the Bearishness of the daily techs are making sp continue down. Part of the technical cycle (likely) and may also be the weakness in gold price (likely not). SP now below the MA50 and Daily techs show no support, only Bear Claws. Might get really painful from what the techs indicate. News can change everything.

The Dow is staying pretty even. Today would be "4" in the Fibonocci set. Wait, there is no "4" so what do we do? Up, Down, Even? Up would be nice to make for a good Monday because there is a "5" in the Fibo's. But, the overall daily techs have turned to Bullishness, so Monday may be a shoe-in for being a good day anyway. Bbreaking 8k may indicate more running to come, so next week could see continued upside.

Gold has lost its luster since the G Meeting. Statements of stockpile selling is making for this major downturn. Currently hitting $890. However, this gives an opportunity for buyers to get in when it bottoms out. may be a few more days. Watching the GLD techs for bottoming. Likely will stay above $850'ish.

Hope everyone's Fridaaaaaaaay is going well and your weekend is a good one.

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