var elementPosition = 0, elementsTotal = 0, timeout = 5520, fadeTime = 480;

function next() {
    $(".fader:eq(" + elementPosition + ")").hide("slide", { direction: "down" }, fadeTime, function() {
        elementPosition += 1;

        if (elementPosition >= elementsTotal) elementPosition = 0;

        $(".fader:eq(" + elementPosition + ")").show("slide", { direction: "up" }, fadeTime, function() {
            setTimeout("next()", timeout);
        });
    });
}


$(function() {
    elementsTotal = $(".fader").length;

    setTimeout("next()", timeout);
});