Special Report
Keep it simple

Jack Chan
www.traderscorporation.com
Dec 14, 2005

A lot of attention has been shifting to the precious metals in the past few weeks, and there is no shortage of opinions, and certainly no shortage of forecasts. At Traderscorporation, we have received our fair share of emails asking for our opinions, outlook, and forecasts. Most folks are quite disappointed when we say that we honestly don't know. We follow the markets, not predict them. And as a follower of the markets, there is one most important indicator we follow, and that is price. We cannot argue with price.

The simplest way to follow a market is to simply follow price action. Upon a pullback or consolidation, resistance is created. Upon the break of that resistance, or what we call a TLB (trendline break), we buy. Upon a rally, support is created. Upon the break of that support or TLB, we sell. That is it, folks - we have a TLB today and profits should be taken.

Of course, we can dress it up a bit by throwing in a couple of moving averages, and a simple direction indicator. Voila! A priceless one of a kind trading model, available only at www.traderscorporation.com (a shameless plug)

Silver - the regular model.

Silver - the deluxe model.

Summary

When it comes to technical analysis, less is more. Aspiring technicians often employ too many indicators, and often they contradict each other. Keep it simple and don't forget about price.

JC

Dec 14, 2005
Jack Chan
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email: jack@simplyprofits.org
website: www.simplyprofits.org

321gold Inc