My intentions when creating this chart where to enlighten other traders on the importance of long term technical analysis and the importance of using past market movements to assist in predicting future motions. Think of the market like the universe. It is tremendously easier to predict the motion of a large mass such as a planet's, than it is to predict the motion of an electron around it's nucleus. In other words, long term technical analysis is a great deal more effective than short term! Don't hesitate to leave thoughts and comments! Happy Trading!
