Before the Bell
posted on
Nov 17, 2009 09:23AM
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
On NYSE - Today is a new trading day for KRY sp. The 15min technicals could be showing a little bit of a bright spot for sp, after the fading from the half-buck high of yesterday. In the last couple of trading hours yesterday there was a lower-low (bad, 145pm) followed by the lower-high (bad, 230pm) indicating Bearishness, but this was then followed by a higher-low (good, 315pm) and could indicate a turnaround of the slow fading. Plus, this higher-low happened when the daytraders typically close out, so someone was supporting sp by buying as the daytraders bailed. Seems the technicals indicate we need a strong (with volume) 0.4600 (prefer 0.47) or better within the first hour or so to open - a gap would be better - to maybe confirm a news leak (a best guess). Nothing is a guarantee, but could be a tell.
S&P500 premarket indicating a down day. Home depot numbers not so good. Overnight the foreign Markets, Hang Seng, Nikkei, FTSE, and DAX were all down.
Gold fading overnight after yesterday's high bettering $1140. Currently a bit above $1130.
Looks to be an interesting day.