Quote from Trader666:
Is this the same turning point that your master, idol and mentor Jack Hershey said was going to happen FOUR AND A HALF MONTHS AGO? LOL! 
Here's Jack's failed September 1st prediction:
"As a trader for 53 years, this turning point tomorrow is the most significant I have seen in my life."
http://www.elitetrader.com/vb/showthread.php?s=&postid=2560747#post2560747
My accuracy and assessment skills are generally known. This may be why I have some detractors.
It is improtant that a trader "know that he knows". This means three questions are on the table:
1. where are we in the cycle?
2. What is next? and how fast is it changing?
The attached and authoritative chart shows just that.
Dial back 4 1/2 months on this monthly chart. Allow yourself to sense the chart (visually) lwt your long term memory (your inference) join the sensing to give your your perception.
We thank two people: Spyder for putting the chart before you and Trader666 for keeping an accurate accounting of the time passing and abstracting my pertinent comment accurately.
You think, now.
Notice the boundaries in which price travels. travels means move about in a container well designed to exhibit just what is going on.
Recall what volume depicts. If you inference is correct, then it spports what you are sensing carefully and fully. Notice the volume (bLack) PEAKED exatly when trader666 states I made my comment which has specific content. fro those of you who can recall mark my words and chart of December 2007 where I outlined the seven legs of 2008. Also recall the I did not post a chart for 2009 after several requests.
Now if you, will GET THE POINT!
Take a moment of your life and READ the posted chart. READ it well.
For those that are not cognizant of TA and how it works, here is the view that you have presently. the SHORT four and half months ago is WHAT precluded the price from ever reaching the LTL agian on the BEAR RETRACE.
NOW....... LOOK AT THE RIGHT TREND LINE OF THE BEAR RETRACE. soak up what you see.
MORE IMPRTANt, LOOK AT THE RTL OF THE BEAR MARKET DEFINING THIS ....DEPRESSION OFTEN CALLED A RESSION.
If you thick for one moment, from this point on after reading my brief simple comments on an expertly prepared and annotated chart, that we are not on the EDGE OF A CLIIF (SHOWN IN RED), you need to reread this post and look more closely at the chart.
Trader666 is a major souce of amusement and expressions of stupidity on ET and is unmoderated for obvious reasons.
Everyone makes choices. You make your choices. After that YOU get the CONSEQUENCES of your choices. I have a post removed from a thread this week. There are consequences. The editing od what was left of that post has consequences. this kind of stupidity on the part of people who are stupid has consequences, but not for me. the consequences are for others who get taken in by the sophomoric behavior of those who have that behavior.
Our contemporary situation is RAL. This is NOT a time to bullshit yourself or others. W atch the NLP consequences of this post.
