Jack Chan
Technical Analyst & Editor
Jack Chan is the editor of Simply Profits, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock market top in 2007, and the US dollar bottom in 2011.
Jack Chan Articles
I've shown the TSX in early Dec, suggesting a breakout of the "cup with handle" pattern portends a rally into the 12000 area. That target was met early last week and price was firmly rejected, causing a plunge of 500 points. Since the...
Inflation, currency depreciation, wars and terrorism, credit bubble, deficits, India, China…….list goes on and on, for those who are looking for reasons, plenty of why this and why that can be found on the web these days.
As a technical...
The gold market lately has left many veteran analysts and gold experts baffled, and made many of them look amateurish, as many have advised their readers to exit the market in anticipation of a sell off. My articles are never intended to...
When gold fell 10% in five sessions in Dec, top pickers were sure that was it, gold was going down to $420. On Wed this week, gold fell $10 and some of these top pickers were back, may be $500 this time they said. Folks, in trading and...
Here is an update on the gold sector.
Both investors and traders remain fully invested from our buy signal in Nov and again in Dec. We are in an impulsive phase of a bull market and we shall sit tight until the IP is over.
Happy new year and wishing you all peace and profits in 2006.
As always at this time of the year, there is a whole lot of noise about where the markets are heading, because of this and that. Our focus is on price action, and we follow the...
Jesse Livermore said this many decades ago, and it still applies today…"it is uncommon for a man to be right and sit tight." And in order to help many who are invested in the gold sector to sit tight, meditate on the chart below whenever...
There are never ending arguments by many market participants as to what constitutes a bull market, and a bear market. There are many definitions, interpretations, and downright confusions. Many technicians are so preoccupied with trend...
Gold in US dollar attracted a lot of attention in the past few weeks. It broke $500, went parabolic by reaching $540, then dropped like a rock to touch $494 four days later. It is now a hot topic among traders and investors, with many...
With gold and silver making new highs every other day, a lot of attention is shifting to the precious metals. There is no shortage of opinions, and certainly no shortage of forecasts, and we at Traderscorporation have received our fair...
