“The central bank announced today that it embark on another round of Treasury purchases of $45 billion a month to replace the expiring Operation Twist program. For those keeping score at home, that’s $85 billion per month of fresh demand in the government debt markets, which works out to $1 trillion a year.”
The previous daily cycle low printed last Wednesday.
The dollar’s daily cycle peaked on Friday and formed a swing high on Tuesday, day 5..
Today saw the dollar close below the important 80 level.
A break below last Wednesday’s low of 79.56 produces a failed daily cycle.
Bonds already printed a failed daily cycle today.
Bonds printed a daily cycle low last week on Monday.
Then it peaked last Thursday and today it crashed below last Monday’s low.
At day 7, bonds could trend lower for the next 2 – 3 weeks.
The Miners (finally) responded.
The Miners printed a daily cycle low last Thursday and formed a swing low on Friday.
Still, we were waiting on a beak of the declining cycle trend line before declaring a new daily cycle.
Today the Miners delivered a clear and convincing trend line break despite the fact that The Nas closed in the red and the S&P was flat.
I think that Bernanke’s message today was …
Cycle Trading 
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