Economic Toll.

Federal Reserve Chairman Ben Bernanke said Friday the financial crisis that has pounded the country -- coupled with higher inflation -- is taking a toll on the economy and poses a major challenge to Fed policymakers as they try to restore stability.
The Fed's handling of the credit, financial and housing debacles -- which have badly burned the economy -- is likely to spur debate at a high-profile conference beginning Thursday, August 21, 2008, in Jackson Hole, Wyoming.

Trackin the Dow on Friday,22/08/08.

9:30am:--A 60.0 points bullish gap-up.
Korea Development Bank stated that Lehman Brothers (LEH) is an option for acquisition, according to Reuters.
10:30am:--Shooting Stars.
Warren Buffett stated in a CNBC interview that government supported mortgage lenders Fannie Mae (FNM) and Freddie Mac (FRE) are looking for private investment, but the scale needed is unlikely to come from the private sector.
11:30am:--Graveyard Dojis.
Crude is currently trading below $119 per barrel.It's risky to open ay position despite the shooting star here.The main candlestick has a near shaven bottom depiction that it's a bullish day.
12:30pm:--Inverted hammer.
The morning session pullback failed to touch the MAV so technically might have a mild rebound.
1:30pm:--Bearish dark cloud cover near day's high .
Fed Chairman Bernanke stated the declines in commodity prices and the stability of the dollar are encouraging as their trends are likely to slow inflation.
2:30pm:--Bearish hangman.
The uncertainty of government sponsored enterprises' future has cast a shadow over market sentiment in recent weeks, given the implications of a possible government-led bailout.Moody's Investors Service downgraded the ratings on preferred shares of Fannie Mae (FNM 4.52, -0.33) and Freddie Mac (FRE 2.70, -0.46) to Baa3 from A1.
3:30pm:--Evening stars at near day's high.
Stocks have stalled during their recent ascent and are now trading sideways. The session's overall tone, nonetheless, remains upbeat.
4:00pm:--Bullish hammer with shaven top.
Barring any bad news,the bulls rampage continues.

Stocks finished the week on a strong note, but the lack of volume suggested there was little conviction behind the buying. Moreover, despite the strong finish, the major indices concluded the week with a loss.
Last Monday candlestick has a 85% coverage.A few more inches to go before the real bulls go on a rampage again.