Welcome to the Crystallex HUB on AGORACOM

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

Free
Message: Thursday Trading

Thursday Trading

posted on Jul 16, 2009 11:58AM

On NYSE - KRY sp still hanging in there, obviously with baited breath and waiting on news. Daily Stoch (Bullish) and Mac (converging) are topped with OBV plunging for a second straight day. Low volume likely the cause for the OBV, but caution advised. Currently 66.5k traded with a 200k'ish ask block at 0.2700.

Dow is flat (a touch down at this time), after the big run yesterday that made a higher-high in the cycle. Profit taking apparent in the banks and energy. Rest of Market mixed. Next few days will tell if there is enough confidence and if the Market will get into Bull mode, or will continue walking with the Bears. Looking to stay above 8087 to start running with the Bulls.

Gold also flat (a touch down at this time). Trended down ever so slightly overnight and maintaining $935'ish. Gold still in step with the Market.

Technicals are only one tool that attempts (sometimes badly) to track the emotional buying and selling. Market still unpredictable and dangerous, so perform DD. Diversification and profit taking on the pops can lead to peace of mind.

Best of luck to all.

3
Jul 16, 2009 12:20PM
1
Jul 16, 2009 04:02PM
Share
New Message
Please login to post a reply