Hey Digs-
Yes, I've had my eyes on this setting up and it seems to have completed. Signs are there. Monthly and yearly charts are showing substantial drop ahead. Just position yourself properly, remove all ego and emotion and have an exit plan. Just don't personalize the market or this...
1) Do you have a plan? Yes
2) Do you have the discipline to follow that plan? Yes
3) Then you will be as successful as your method of analysis permits.
Does anyone know in what book that was cited in? Probably the best book you will ever read on trading. The wonderful gentleman who wrote it was killed in the Sept 11th WTC attacks.
The crowd is most enthusiastic and optimistic when it should be cautious and prudent, and it is most fearful when it should be bold.
Most will lose at this game because of psychological factors not analytical ones. They personalize the market and their positions.
Question is, are they spraying that fake, imitation, no-frills, noname bullish breeze air freshner or the real stuff? They make you think your smelling bullish breeze but it ain't so. If it's no-frills we turning back down here boyz.