Morning All,

Where's Melnibone?

Hi, Stan, wasn't going to post much until after the Fed on Tuesday
evening.

Folk are worried about the balance between slowing US growth and inflation,
and what will happen if the Fed gets it wrong and one over balances the other.
Should get the market's concensus and reaction after Bernanke's words of
wisdom on Tuesday.

Here's a few charts to keep you going until then. Two P&F charts on the
Ftse, one showing the big picture and one showing the current 'noise'.

The third is a big picture view of the Eustox50 showing why stuff is a bit
hesitant at the moment.

All the above charts are using Friday's closing prices.
Today's action not included, but you can see how the UKX smaller
10 point chart has identified the initial support for the Ftse
in today's action so far.
Doesn't mean it will hold here, but it's your starter for 10. ;-)

Maybe catch you later.

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