I am still on the road but here are a few observations from the American Association of Individual Investors conference.

1- Lunch keynote Mike Santoli (Barrons) said the Fed’s mission now is to dampen volatility, not keep rates low or anything else. High volatility makes long-term investment by companies (not talking about stock market investors) difficult.
2- Santoli – Madoff victims did not do their homework. This is NOT to blame the victims but those who were not hurt by him kicked the tires and found funky stuff.
3- The place was packed – thousands of investors
4- My presentation on charting drew the biggest crowd I have ever had. Kudos to the way they formatted the schedule to allow that to happen.
5- Demand for charting from people who have not yet exposed to it seems as if it would be quite high. Simple stuff but high.
6- Exhibit hall had plenty of charting software packages on display. A lot more than I would have thought,