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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: Thursday Market

Thursday Market

posted on Aug 13, 2009 11:34AM

On NYSE - KRY sp running at two-bits then minus a penny every now and then. Daily Techs see Stoch crossed to Bullishness, Mac still converging, and OBV showing a second day of support. Looks like the beginning of the cycle upswing and some benefit from the Market/Sector moving up.

Dow up a touch after yesterday's big 120 up day. Initial indecision, then some buy-in, but the bad news of fallen retail sales jobless claims being up seems to be getting a discount but slowing the Market. The "clear sky" Bullish signal is possibly coming to pass as the Stoch and Mac are converging toward making this part of the down cycle a short one.

Gold up slightly over night in HK and then seeing more upswing at close of Sydney that continued into Market open which drug it down a bit. However, currently holding above $955 and possibly heading back to $960 which was touched a bit before Market open. Slow and steady may win the race.

Hope everyone's week has gone well and looking forward to the upcoming weekend.

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