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The True Strength Index is a low lag-time momentum indicator that can be used at www.FreeStockCharts.com. Generally, it is bullish when the indicator is above ZERO and bearish when it is below ZERO. As the indicator is very sensitive and responsive to movements of price, it can be effectively interpreted for buy and sell decisions. … Continue reading
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It is time for another monthly update on the gold and silver chart. Previously, I stated that gold broke the 1,227 resistance and it is now clear for an uptrend until it hit 1,500. Instead, the chart forms another resistance level at 1,250 per ounce. It made three attempt to break the resistance, but it … Continue reading
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Analysis Using the True Strength Index Indicator
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By Jack Chan at www.simplyprofits.org 06/12/2010 GLD – on buy signal. SLV – on sell signal. GDX – buy signal this week. XGD.TO – on sell signal. Summary Long term – on major buy signal. Short term – on mixed signals. We continue to hold our core positions, and adding to positions upon new set … Continue reading
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This essay is based on the Premium Update posted on June 11st, 2010 In our previous essay we have emphasized the importance of the analysis of the Euro Index, while evaluating recent performance of gold. We have also featured a gold chart that included a resistance level which gold has just approached. Since that was … Continue reading
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The August Gold is leaving little “technical” gaps all over the place. Classical technical analysis suggests that gaps on a chart will be filled. (It doesn’t specify when though.) I will not worry about the gap on the downside being filled and instead, focus on the upside. Should the Gold attempt another high, I will … Continue reading
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Market volatility continues to shake things up making it profitable for traders who are quick to spotting key reversal points, manage risk and taking profits before it evaporates. On Tuesday we saw the market go up and down more than I have seen in a long time… It moved over 5% as it trended up … Continue reading
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This essay is based on the Premium Update posted on June 8th, 2010 Markets are skittish and the pace and force of financial crises has taken a frightening turn for the worse. It seems like the fuse gets shorter between each crisis. We barely catch our breath from one when confronted with the next. Looking … Continue reading
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By Jack Chan at www.simplyprofits.org 06/05/2010 GLD – on sell signal. SLV – sell signal this week. GDX – on sell signal. XGD.TO – on sell signal. Summary Long term – on major buy signal. Short term – on sell signals. We continue to hold our core positions, now hedged to protect profits. Disclosure We … Continue reading
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This essay is based on the Premium Update posted on May 28th, 2010 In our previous essay we’ve commented on the precious metals stocks, and since that time we’ve received many questions about the yellow metal itself, we would like to provide you with a more information regarding that particular topic. Let’s begin with the … Continue reading
