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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: Today's Trading - Friday, TGIF

Today's Trading - Friday, TGIF

posted on Jul 17, 2009 11:23AM

On NYSE: KRY sp ever so slightly slipping and currently 0.2524. But, at this sp, a penny or two can be a significant move percentage-wise. Daily Stoch crossed to Bear land while Mac continues to converge. Daily OBV is supportive on volume of only 23k.

Dow looking for a fifth day in a row of being up. Looks like the head-and-shoulders was just a shampoo. Might turn into a cup-and-handle. Currently a bit of a fight between the Bulls and the profit takers with the Bears winning at this time, but the Bulls are not giving in. Today would make it the fifth day in a row if it goes green. If you believe in the fib numbers, today should be a green day because the progression is 0,1,1,2,3,5,8... Should today turn out to be green, to continue and have eight straight green days might be tough. However, Daily technicals are strong and totally Bullish, with OBV showing signs of profit taking.

Gold up ever so slightly. Very slight down trend overnight since open of HK, but popping at Market open. GLD has not (yet) made a higher-high as the Market did, so this may be an indicator of where the money is flowing. At this time for the short term it would not be gold, but should change given a little time.

Furlough Friday here in California. Another day without a state worker... Hope everyone has a good Friday and a great weekend...

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