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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: Market wedNESday

Market wedNESday

posted on Aug 26, 2009 01:54PM

On NYSE - KRY sp still in Bear mode. 15min techs went Bearish at yesterday close and continues Bearish, 60 min totally bearish but bottoming, Daily had a head fake yesterday and back to Bearish with a bit Bearishness on the horizon. Late June saw a low of 0.1800, so would be technically good to stay above that over next few days and then pull up. Looks like 0.21 has recently been the support, but there is someone selling off and will just have to wait until they are done. News could change it all.

Dow showing a possible turn in the cycle. Currently down about 10 with much of the Market mixed. Good numbers on new home sales apparently ignored. S&P down a touch more than the Dow. Could be profit taking as the buying takes a rest.

Gold up a bit overnight and now trying to come back after another drubbing at Market open. Still appears to be running with the Market, so be aware.

Spelled out Wednesday that way because it is hump day... Get it?... Get it?... Hump day, with a hump formed by the letters? Get it? Uh,... ok,.... Anyways, Hang in there.

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