I believe that Tuesday’s rally was a result of manipulation, and Wednesday’s fall was a result of its failure. Today’s failure suggests that cycles up to 13 weeks could be in gear to the downside for another week or two. That would be countered by what should be bullish liquidity flows. However, there was an indication from a weak indirect bid at today’s bill auctions that FCBs are still not playing a positive role. The Fed probably cannot roll the medicine ball uphill on its own. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here to become a member and get instant access to the current report and all past reports.
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