I think what you are looking for is a symbolic link. You could create a link in your home directory to the location you want to go. Look at the manpage for the command "ln" on your system to get the right syntax. On Solaris it would be something like this:

ln -s ../../../dir1/dir2/dir3/dir4/dir5/targetdir name

Where that path is the path to the directory you want, and name is the name of the link in your home directory. After that, doing "cd name" would put you in your target directory.