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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: TGIF Trading

TGIF Trading

posted on Jul 24, 2009 02:33PM

On NYSE - KRY sp still hanging tough considering the "Technicals of Doom" looming. MFFAIS shows CIBC reporting their stake of 100k sold off and Harris cutting some of thier position last month. TDW shows institutions hold 22%. The short positions are less than three-tenths of one percent (0.29%), so bets on sp going lower are prettly much nil.

Dow had some profit taking this morning and it looks like the Big Guys have gotten back from their extended lunch and may resume their Bullishness. 15min techs are in full-Bull mode so there may be a strong Friday finish. Banks down and Energy up. Restaurants down (MCD on bottom BB), Transports up, and Recession Proofers down... Seems to be some faith in the Market at this time. But, much is over-bought, so there will eventually be a time of rest to allow those who initially missed this speeding train a chance to climb aboard.

Gold driven down yesterday from mid-day until close then fairly steady overnight until London open where it has a little run up. Currently some downward pressure.

Hope everyone's week has been good and your weekend is even better. Even though there appears to be faith in the Market, perform DD in all your choices. Diversification can go a long way.

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