You got me. Huge wisdom there from him. Great comments from you on time frames too - you are exactly right. Livermore was the greatest price behavior speculator.... KATX is very healthy in its behavior AND I am really confident in Mr. Stead's intentions.
"All through time, people have basically acted the same way in the market as a result of greed, fear, ignorance, and hope - that is why the numerical formations and patterns recur on a constant basis."