Examples of Long Term Charts

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))