Annual mountainside conference.

It has been an annual affairs that Central bank officials from more than 35 countries usually travel to the Jackson Lake Lodge, elevation about 6,900 feet (2,103 meters), to mingle with leading monetary policy makers and thinkers.
A week prior to this grand event,the US market will normally crash and this time around Asian markets defy this American tricks and go against the trend.
Between debates over new research and crisis management under chandeliers, attendees take hiking and rafting excursions in Grand Teton National Park.
This year's gathering centers on the theme, "Macroeconomic Challenges: The Decade Ahead." Bernanke and European Central Bank President Jean-Claude Trichet are the focussing speakers.
Three key crisis management approach by the Federal Reserve:-
1) substantial easing of monetary policy despite inflationary pressure.
2) Offer liquidity to support financial markets through collateralized lending programs.
3) regulators to monitor the health of individual financial instituitions and developing new regulations
Tracking the Dow,Friday.Asian index futures contracts rollover.
9:30am:--A bullish 50.0 points gap up.The Commerce Department made a smaller-than-expected cut in its estimate of second-quarter economic growth.
10:30am:--Earlier pullback to find an early low has now retraced to near session high. Second-quarter growth in the U.S. economy comes in at 1.6% -- not as bad as economists and investors had feared.
11:30am:--A new session high,spinning top.Consumer confidence rises slightly in August but still remains weak.
12:30noon:--Consolidation time.Bearish hammer.
1:30pm:--After pulling back to bull support pivot,three ascending soldiers seen.
2:30pm:--Bulls bringing it higher.Federal Reserve Board Chairman Ben Bernanke said Friday that the central bank would not sit idly and let the U.S. economy sink into a period of deflation.
3:30pm:--After digesting the Fed's news,a slight pullback but the bulls are still supporting it.
4:00pm:--A new high of the day closing.Consumer confidence rises slightly in August but still remains weak.
Looks like every quarter there'll be threatening news so that a trough formation depicting the head and shoulder pattern can be materialised.
The beginning of July was a bull party and towards the end of the third month comes the shorties.
Friday is a bullish spin and a rebound is on the card aided by the Fed who has just open his mouth.