March 24, 2011 Update

A brief note. Although we have been expecting a further decline it appears the market is starting higher once again.

The following chart is a 60 minute chart for the SP500 (spy). As can be seen the market broke through the down sloping trend line and appears ready to advance further. We are slowly starting to buy but still cautious mainly due to the violent astrological picture ahead for the next 2 weeks. It looks safe to come out from under the bed around April 6th at this point.

Any move above 1315 (spy 131.50) and we will be buying more aggressively.















Held off buying today.

Go back to the Feb 27, 2011 entry re: changes in the FED then read the following

Fed’s Fisher Says He Backs Ending Central Bank’s Full-Employment Mandate

http://www.bloomberg.com/news/2011-03-25/fed-s-fisher-says-he-backs-ending-central-bank-s-full-employment-mandate.html

Regards,