ES/SPX weekly & Audit of the Fed Legislation

Major markets retraced 50% - 90% of the Oct 2007 bubble market level based on national debt spending without any meaningful retracement since the March 2009 low -- advancing almost SPY/SPX 50% for example. ES/SPX retraced 50% as shown on the ES Weekly chart with negative divergences since July 2009. Going into the FOMC announcement tomorrow and the FED Bernanke confirmation hearing, markets are trading at the upper range.

The formation shows "Big Dipper" and also it used to be "Irish National".

Auditing the FED legislation

Renewing the Glass-Steagall act

http://trend-signals.blogspot.com/2009/12/reacting-glass-steagall-law.html

12.15.2009 News Media propagan-da Audit of the Fed Legislation

The Fed Treasury scheme ~ nightmare of greenshoot ~ osama - obama - drama
The terrorist osama was exactly right on the Fed/markets - they will rob you using bubble/burst market scams

• • Investors Watching for Hints on When Fed Will Raise Rates

    The Federal Reserve is expected to leave interest rates at a record low this week. The big question is whether Chairman Ben Bernanke and his colleagues will hint about when they will start boosting rates. Senate Panel to Vote on Bernanke Thursday

  • Wholesale Inflation Heats Up; New York Manufacturing Weak

    U.S. producer prices rose more than expected in November, lifted by a surge in energy costs, and recorded the first year-on-year gain since last November. Deficits Must Be Curbed to Save Economy

  • Public Debt Risk Rising, Turbulent Year Ahead: Moody's
  • Best Buy Shares Fall on Tepid Margin View
  • Wells Raises $12.25 Billion As Share Offering Is Expanded

    Wells Fargo said it raised a bigger-than-expected $12.25 billion to help repay the TARP after a share offering was increased due to demand from underwriters. Slideshow: World's Safest Banks

  • Goldman Faces Lawsuit over Anticipated Bonuses
    • Citi's '09 Pay, Bonus Cuts to Stay in Place
  • Citi, Wells Fargo to Repay $45 Billion in Bailout Funds
  • Capital One, Discover Credit Card Charge-Offs Rise
  • Boeing Determined 787 Will Finally Fly
  • AIG Top Staff Struggle Financially: Report
  • China Outstrips US as Center for IPOs
  • Obama To Bankers: Help Economy, Support Regulations