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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: Friday Market, TGIF

Friday Market, TGIF

posted on Nov 20, 2009 02:02PM

On NYSE - KRY spstill hanging in there. A few days ago it was mentioned here that the technicals showed an ascending triangle of candlesticks on the 60min. The ascending triangle seems to following on to, and showing on the Daily technicals. Although barely, MA50 has now crossed above MA200. 15min has gone Bearish, 60min has peaked and turned Bearish. Daily is still coming around to revealing something - OBV Bearish today, Stoch Bearish but converging earlier than might be expected, and MACD still running Bullish but topping. And then there is that kinda-sorta ascending triangle forming. Be aware when looking at Level II - what we are allowed to see by the Specialist is a much smaller picture than what is really going on. The pushing of the Ask on NYSE appears, as mentioned before, to be just that - for appearance. On TSX there are many MM's, so it can be quite a bit more complicated, but be assured that none of them are revealing their cards in the hole.

S&P500 down another half-percent. Technology stocks hit pretty hard on Dell numbers. Pretty much rest of the Market is down, down, down. Options expire. Lots of good choices out there, so choose wisely and stay diversified.

Gold spiking at close of NYMEX, and currently above $1145 and rising.

Hope everyone's week has been good, and your weekend also is a good one.

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