MTGOX:BTCUSD Bitcoin / U.S. Dollar
If you have any questions, I'll try to answer them.
That's one of the things it doesn't do. What it can do is tell you give you target levels. So supports and resistances. It can also help with spotting breakouts, or even fakeouts. It can help with getting a feel for the health of the trend. It can give a very intuitive understanding of what the price is doing.