DislikedAs Elliotticans, we firmly belief into the notion that Central Banks are simply trend followers. And to make it worse, they are late trend-followers. There are ample examples for this behaviour, like in the Gold markets. Read here: http://www.elliottwave.com/affiliate...-Think-aa.aspx http://www.elliottwave.com/freeupdat...xt-Bottom.aspx This behaviour of "late to the party" can also be seen...Ignored
The Mechanics Of The Fed As Seen By The Eurodollar Curve