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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 Oct 08, 2009 11:08AM

On NYSE - KRY sp still running right around the two-bits mark with current volume of 830k. There is a huge 260k block at 0.2600 that new spec players must get beyond. Daily Technicals are coming around for the better, with ever so slight support from the OBV and the other techs bottoming and converging, after Tues' pop with better than 3.6M volume. 60min showing promise, so today may be a green day.

Dow came off a good Mutual Fund Monday, and has not looked back. Daily Technicals have turned to bullishness and the upcycle is all systems go. The self-feeding Market by the Hedgies and Mutuals will likely keep running this up. For how long is anyone's guess, but this was mentioned several hundred points ago. Will just need to see if a new higher-high (need to beat 9835) can be made over the next few days of this up part of the cycle. This after the recent lower-high and more recent lower-low indicated a possible trend change to Bearish.

Gold popping close to $1060 just before open of London and now running around the $1050 mark. Seeing profit taking since open of NYMEX then coming back when those Big Gys start their trading at 10am. Gold and the Stock Market still running together, so maybe the Market is in for another up close today.

Hope everyone is having a good week.


Oct 08, 2009 12:48PM
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Oct 08, 2009 01:51PM
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Oct 08, 2009 01:56PM

Oct 08, 2009 05:52PM
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