24 AUG 2011, Wednesday (AM)

• Well, seems like the relief bounce is finally starting...back to 1220-1250 area?  All momentum indicators are pointing up.  Just in time for the stupid Jackson Hole Fed Party this weekend.  Personally, I think you'd be foolish to be on either side this weekend....anything can happen.  Let them make their announcement and just come back next week.
• Overall, trend is still down.  Volatility still high but dropping now.  Possible corrective bounce of the AUG down move coming.  I may cautiously entertain some long side day trades...no holds.  
• Just trying to trade what I see.