Hi all,I'm looking at technicals4me's EGO chart (post 5976) -...

Hi all,

I'm looking at technicals4me's EGO chart (post 5976) - and just have a couple really quick questions as I am very green to TA but growing more appreciative of it daily!

Firstly - would charting have been able to give guidance on the high of the 2007 rise prior to the event?

Secondly - I see the 2007 rise being a key formation of 2011 predictions. Would it be true that the further away (in time) the past rise is, the less probability of being correct in using it for future rises?

Really appreciate any thoughts/guidance that can be provided here.

Cheers,
Lok