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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: Wednesday Trading

Wednesday Trading

posted on Apr 15, 2009 07:35AM

On NYSE: KRY in an up cycle, but overall in a downtrend since mid-Feb as indicated by the lower-low last week. Trend turnaround would take a higher-high (beating last high). Currently above (barely) the MA50 helps. Daily techs show Stoch close to peaking, Mac still showing Bull horns, and support from OBV. About 79k volume at this time.

Dow has been trending around the 8k mark. News seems to be driving the overall market. Goldman and JPM up, while most other big financials down. Daily Stoch and Mac turning bearish, with OBV showing support. However, recent trend has been ever so slightly up because of higher-highs, although barely, every week. Could fall off of the table if it does not drive strongly above 8k.

Gold running up after HK close. Dumped at open of NYMEX, then a roller coaster ride up and then down at NYSE open. Seems investors want in gold, but still want to play the Market.



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