Examples of Long Term Charts
posted under
Philosophy of Technical Analysis
by ceecabolos
The following pages contain examples of long term weekly and monthly charts (Figures 8.2-8.12). The drawings on the charts are limited to long term support and resistance levels, trendlines, percentage retracements, weekly reversals, and an occasional price pattern. Be aware, however, that anything that can be done on a daily chart can also be done on a weekly or monthly. We'll show you later in the book how the application of various technical indicators to these long term charts is accomplished, and how signals on weekly charts become valuable filters for shorter term timing decisions. Remember also that semilog chart scaling becomes more valuable when studying long range price trends.((ssss))
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