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: Wednesday Trading

Wednesday Trading

posted on Jul 22, 2009 02:10PM

On NYSE: KRY showing Low volume (currently a touch under 111k) with sp still hanging on to two-bits plus a penny. Techs still indicate upcoming cycle of pain. Although at this price a penny or two is a signifcant percentage move, it is part of the normal cycle. Still awaiting news.

Dow is in the middle of a battle of the Bulls and Bears, and what a battle it has been with only a couple of hours left in the trading day. Pretty much even at this point but the Bears are pressuring. When the Big Guys got back from lunch, they're not buying in like yesterday's post lunch Bull Run. Today would be eight in a row if green. If today is green then tomorrow would be a fork in the road according to the Fib numbers and likely see profit taking (but might be happening early, like right now), so nine days of green may be unlikely. But, it is possible...Numbers have been easy to beat because of the downturn. Apple reports great numbers and rises. Wells reports great numbers and sells off as all big banks did in early trading but some have recovered. Apple and Wells, with JPM's earlier good future forecast, seem to signal the economy is turning.

Gold has made a higher-high to start the week and needs to make a higher low during this cycle to change the trend to Bullish.

OT Board showing Bullishness, aka - BS. Technicals indicate possible reigning in by Suits, but the flow of the technical charts shows that a breakout in BS is possible. Further DD is necessary . . .

4
Jul 23, 2009 11:40AM
Share
New Message
Please login to post a reply