If you turned on TV this week or tried trading, you know how volatile the market has been. Pull up a 30 min chart and see how crazy it looks. We are taught to look at the daily and weekly charts to see where the big players are moving the market. Even a daily and weekly look horrible. Turn on a monthly chart with a channel on it and all of sudden it doesn't look so parabolic or catastrophic anymore does it? Because it isn't. An 11-year channel all we did was come down to the middle of it. Higher time frame charts will tell you more of the real picture that a 30 min noise chart.