perhaps the most powerful and enduring concept that my mentor showed me and that i have expressed here many times is''as price approaches an important turn, the tools workk better and better on shorter and shorter time frames.. traders become mesmerized by their success and miss the big turn... though jim has expressed concern recently about the lack of participation.... if you look at it another way, at least for me, that is a good thing... it means i need to only be looking at the market for short periods of time and then be gone...under all the noise, just as at the july low, my way of looking at the market says the possibility of an important turn is at hand... thus i am back in the market... those who understood my charts in july will understand these...

Well, just keep in mind that the odds of a shock event are not a constant throughout history, just as the odds of a shock event aren't the same if one does or doesn't play Russian roulette. The games being played now are no different than Russian roulette, and the end game can only have one outcome over time. There is no way out of this, in my opinion. If one reads the posts on Zero Hedge, and sees what is actually going on, the end game is clear. When, and what trigger, who knows. But to ignore outrageous levels of implosion risk now is just as crazy as it was in Oct 2007 when everyone laughed at risk then.

As a 'professional risk taker' I am just saying ignore what is on Zero Hedge at one's own peril, the outcome is essentially predetermined at this point, in my opinion. I'm not the only one saying this, Faber, Soros, Saluzzi, Pento, and an endless slew of others can see it coming. This is a secular bear, the damages done are extensive, and we are in that phase they all have where they get deluded and think everything is back to normal. The truth then comes out, and the demoralization is crushing. I'm just saying that if this is my business, I am preparing to go with that flow. It's up now, but it will be down harder than ever, and it will be swift, so I'm getting ready.