"HOPE" RALLY CONTINUES

Here is from a FED dissenter
"WASHINGTON (AP) -- Richard Fisher, president of the Federal Reserve Bank of Dallas, said he opposed the Fed's latest attempt to boost economic growth because he fears it won't work -- and it could scare consumers and squeeze bank earnings."

Volume SWELLS on the declines, diminishes on the "rallies". Still in a range of price, but again real signs of stock ACCUMULATION are not present, expanding volume NOT present.

The FED is AGAIN targeting asset prices or why would these insane men playing with fire trying to lower already insanely LOW long term interest rates.

What segment of economy needs lower than historic LOWS in interest rates? Retired folk? Savers? UHM....try to force people back into stocks? Wall Street.....aren't we tired of these games? ineffective policy?

The Federal Reserve acts independently of our government, but isn't it time for someone to speak OUT against these harmful policies? We can follow back all our recent bubbles and economic woes IMHO to interestrate policy, ALL controlled by the Federal Reserve.

I don't think the market is done to the downside. HERE is my thinking, after reviewing several EWT charters, I like Daneric's thinking. I can sum by saying I think we break down 1100 on the SPX and that is going to bring out of hibernation a lot of Johnny bear latelies. SOMEWHERE Under that level might be interesting place to buy, and position for Winter promised rally.

To see stocks run as headlines say from hope and fear of European debt defaaults or some supposed fix is amusing. The PLAYERS who have enough money, fire power are just buying 1100 and selling 1200 area...sooner or later one will break.

Go Rays

D