We are at last starting to shake the weak longs out of the tree. So much for fiat and other nonsense. The largest short in history is to be found in the dollar. This is a global economy, and that is not limited to the Fed and NY banks. Neither are capable of manipulating this stuff. If they did, then why did they need a bailout?
The weekly Bearish Reversals today are
15227, 14797, and 14050.