The Bull-Riders of Wyoming...Cheyenne Frontier Days.

JACKSON HOLE, Wyoming -- The mountains of Wyoming are beautiful, but dangerous. You never know when you'll run into a bear or blunder into a boiling hot spring.


After saying only 10 days earlier that inflation was its top concern, the FOMC reversed course on Aug. 17 and said that downside risks to growth had risen sharply and the central bank "is prepared to act as needed to mitigate the adverse effects on the economy arising from the disruptions in financial markets." Read Fed statement.


The recovery rally in U.S. stocks will face a major economic hurdle in the coming week, as the first reports about consumer spending in August are due alongside concerns that the credit crunch of last month has spread to the retail markets.

Federal Reserve Chairman Ben Bernanke, in a speech on Friday from Wyoming, said that the central bank will keep close watch on the "timeliest" economic indicators, raising the level of scrutiny that will be placed upon upcoming August-sales reports from retailers and automakers, and weekly jobless claims on Thursday. See full story.


Another lowering of rates in September and in October should be in the radar screen of the policy makers. "That would give a great deal of calm in the credit markets, but that would also send the message to the consumer: 'Don't be afraid to spend.'

The trading month of August has been disatrous and very volatile with the market focussing too much on the subprime fallout and rumours of further contagion elsewhere in other parts of the world which actually has spread.So we are now back to fundamental data and September will be the turning point and critically important for the market.Companies will be pre-announcing how they are performing in the 3Q & what they see through the crystal ball for the remainder part of the year.
Look at the male erk-bull seen at the Yellowstone National Park.It's small in size so how ist it going to be bullish..!

A bull-rider facing a notorious bull not an aggressive bull.

The flag of the State of Wyoming depicting a bull.
So the next time when Federal officials say the meeting will be in Wyoming.....the tips is "LOOK OUT....! IT's GONNETH BE A BULLISH MARKET>"






Previous:13238.73 Open:13240.84
High:13428.95 Low:13240.84
THE MAV:13334.90
Closing:13357.74 up 119.01 (0.90%)
The closing did not touch the MAV and the last minute sell-down are speculators unwinding position and profit-taking ahead of the holiday.The army of small white candlestick body is good sign that the Cheyenne Bull-riders are back to scale Devil's Hill in Wyoming.


The candlestick on Friday has a shavern bottom,and the upside is intact .The candle will be lighted again after the Labor Holiday.
Time to move-in again.