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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 Market

Today's Market

posted on Aug 19, 2009 01:36PM

On NYSE - KRY sp hanging tough - but cycles and trends, a measure of the emotions in trading, are difficult to reverse. Technicals: 15min topped and going Bearish, 60min bottoming and converging, Daily Bearish with OBV flat. Downside may be minimal, but beware. Looking to make a higher-high and then a higher-low in this next cycle or pain will continue. Same ol' thing - Need Good News...

Dow still has Bullish trend, with Daily techs cycling down while index moves up. Daily OBV is supporting today's up move and shows good faith in the Market, and may give for a shallow dip in this cycle. Market mostly mixed with Transports taking a hit, Restaurants doing ok, Banks indecisive, and Energy mixed.

Gold down overnight starting at open of Hong Kong, but got a big shot of adrenaline at Market open with about a 10 point move. Got Gold? Well, someone wanted in bad. Nearly touched $945 and currently running at $943'ish. Gold mining stocks smiling.

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