That's why I often post ratio charts that show the relative difference between markets or contracts. Even stocks should be compared to the SPX to see relative strength or weakness. I never just look at one single chart of anything without comparing it to a multitude of other markets. They are all just footsteps to track. Much like a game hunter that can track an animal. Long term charts are good for showing the character of a market much like an animal and its tendencies. (volatility) Various Spread charts are excellent for showing changes in markets. But most traders are not patient enough to examine a lot of these things. But as long as everyone has their ass covered I guess everyone can trade as they please until they run out of money. And I agree these markets are nothing like years ago. Big money and corruption rules with the wheeler dealers of the world running the show. And they know how to spook or spark a market anytime they wish. Always a fresh story to move a market around.