What the FED wanted by the big surprise last Thursday was among other things to force the interest rates down which so far has been followed by the markets. That is why the stock markets soared. However now if you look at the charts below after five waves on upside - 2 hr charts - there seems to me that the bonds could have reached its peak already or are not far from a top. Remember that BUNDS and NOTES are in monthly and weekly down trends. Yes the daily and 2 hr trends are still up but for how long?. It is now time to follow the bonds and yields again because I think that they will show the way for the stock markets. The three good things has happened now, no strike on Syria, Continuing 85 billion dollar handouts by the Fed and Angela Merkel will be German Kansler for another four years. I cannot see any new big positive news right now so the bonds and stocks are moving slowly but this can change soon if interest rates refuse to get lower.