Today's Market

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

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jcwillis

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Today's Market

posted on Jan 21, 2011 03:21PM

KRY sp on the skids for the last few days, or at least since this past Wednesday. Volume just crossing above 150k moments ago. An interesting aspect showing in the technicals since the pop and drop of Wednesday is that the OBV did not fall completely off of the table with the sp drop. It should have, but did not. SP is currently riding the lower BB and the lower BB is trending down slightly so there could be more downside. Little less than an 45min left in the trading day. Opened at 0.2845 and currently at 0.2846. High was 0.2879. Chicken Bonz say we close at 0.2900 to end the week.

Market is showing to be, on average, up today. Still showing topping, but I've pointed this out before and been wrong, wrong, wrong. Dow's OBV has been somewhat overall flat since December 1. Be careful in choosing and perform dd. Stay diversified.

Gold showing the same as the Market, but profit taking has been happening. Something going on with technicals of GLD - OBV been in a down trend since Jan 1. Also, more significantly, the 14 day average crossed down over the 50 day average a couple of days ago. Might be an indication of a bit more profit taking in the near future.