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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Wade who wrote (4602)3/28/2006 7:22:10 AM
From: TheSlowLane  Read Replies (1) | Respond to of 48092
 
Jack Chan says we could run quite a way here...

"Our breakout model confirmed our major buy signal in November and December, and has now turned up again after testing trendline support. What makes this BO #3 special is that both BO #1 and #2 went parabolic after the breakout, and then suffered a multi month correction within a large trading range; but that is simply not the case with the current breakout. The current rise is at a perfect 45 degree which is very sustainable and could rise much further than the previous two.

Summary

Markets are dynamic and subject to constant change. The advantage of technical analysis is gaining the ability to focus on price action and see these changes in a timely fashion to stay with the markets. But most importantly, is to learn to differentiate between a signal and an analysis. We trade our signals, and not our analysis; always. Being in the market is about making profits, and not so much about being right or wrong."

321gold.com