[$TNX.X] update

The 10 year treasury interest rate model is hanging tough.  It has now pulled back to just about the 38.2 fib and then bounced off it with 5 waves up.  Yes, that could still just be the "a" wave of a correction but I think it more likely is the first tiny wave up of the coming 3rd wave up in interest rates.  This will be a 3rd of 3rd so they should begin to move quickly once the herd commits itself.

Rising interest rates at this time likely reflect decreased confidence in the federal reserve to control the economy indefinitely with nothing more than press releases and innuendo about bazookas in their pockets...  The QE has stopped and without it the market is no longer being bribed into going along.  Of course, if the fed has to re-start QE again then all the fed's detractors will come out of the woodwork to show how the fed's efforts never did and never will rekindle the economy; more QE will just fuel more income inequality and the threat of pitchfork revolution then goes exponential.  And this time, the new pitchfork shoots NATO rounds in the form of cal .223 or 556mm.

The federal reserve is the wizard of Ozt and pretty soon the curtain will be pulled back to expose the fact that they are in fact powerless to actually control anything.  Their ONLY control mechanism is to play their mkultra games on people's minds.   The fed convinces people to believe that they are in control of everything and so it becomes fact for a time.   The deception, however, is never perpetual.  No con game ever ran forever and not it will not be different this time.  At some point the elite begin to find that their sophistry just doesn't work anymore.  You will know that they see it as they actually begin to police their own, issue more apologies, stop protecting their lower level Kapos so that someone goes under the public bus, etc.  You will see that the powers that be will become noticeably ruffled at how their magick incantations and press releases no longer have the desired effect.  In fact, they will see diminishing and then negative returns on their efforts to calm the herd.

Eventually the herd will be calm and it will be the monied elite, the servants of Mammon who will be panicking.