Originally posted by Babak
The more you zoom out (in time frame) the more you will get a clearer picture of the movement attributed to underlying forces in the market/economy and the less to noise (traders, hedge funds, etc.)
This seems to make sence to me - I am very short term and very rarely look at long term (more than daily charts.)
Just seems where I am at (NW Montana) the economy is cruising right along and nobody seems to notice any problems (except perhaps with 401's etc) and the expectations are things should be good for the foreseeable future.
Make 'em pretty, Chris