External news and commentary, page-254

HotDogs,

Still not sure about the line you have used for your monthly view, looks a little off and not quite sitting (ending) at the correct point. I think it could be the charting program you are using.

"LMAO who in their right mind uses monthly charts for stocks? Even for indices their value is questionable"

Please see below

"Why Investors Should Use Monthly Charts To Do Analysis
Monthly charts give us clues to a secular bull market or bear market in an index or a stock. You can also spot very important clues to the direction of the market using monthly charts. Sometimes, very important support areas can be easily discovered if only you learn how to use monthly charts. There is tremendous value in looking at the monthly charts of an index or a stock. If you are a long term investor, you should definitely study the monthly charts. Large traders who manage a huge amount of money should also study monthly charts. When you are managing billions, you cannot trade in and out of stocks using daily charts. But you certainly can enter or exit positions based on monthly or even weekly charts."