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Gold/Mining/Energy : Crystallex (KRY) -- Ignore unavailable to you. Want to Upgrade?


To: Valuepro who wrote (4430)1/21/1998 8:36:00 PM
From: RH  Respond to of 10836
 
Ward,

What is your take on today's trading pattern? You called that resistance around $6.00 dead on.

I suspect though that the heavy volume and spike up today are bullish signals. With anticipation of a possible ruling for Thursday, this ceiling could be broken.

RH



To: Valuepro who wrote (4430)1/21/1998 9:13:00 PM
From: Ward Nicholson  Read Replies (1) | Respond to of 10836
 
ValuePro & RH:

WOW! Them bulls were snortin' this morning!

A very interesting day. KRY ran into that wall at $6 that I
figured it might. As you probably noticed, KRY started a move
into mid-$6 territory, but was beaten back down to close right
around that downtrendline that I keep yammering about.

To me today's action underlines the importance of this price level.
I'm even more interested in what happens tomorrow than I am in what
happened today. If the volume can be sustained we might see a breach
of that trendline tomorrow, but if the volume starts to dry up and
the price starts to drift sideways...

Who knows what'll happen, eh? Flip a coin.

Great market action.

WN

P.S. Yes, I did cover today at $5.85, but I'm not bullish
enough to go long (yet).