Tuesday, November 3, 2009

Danger In The Markets? Part II

Before displaying some charts of the stock market, I would like to post a couple of the Japanese Yen. My comment of September 14 is relevant today:

"Additionally, is it not odd, on an “all things considered” basis, that the Japanese Yen is rising at what appears to be an increasing rate? This rise commenced in mid-2007, as seen below:"

Here is the 5-year daily chart of the Japanese Yen:

Chart Courtesy of StockCharts.com

Here is the 1-year daily chart. As one can see, there may be a Cup and Handle chart pattern forming from early 2009:

Chart Courtesy of Stockcharts.com

Now onto Part III...

SPX at 1040.14 as this post is written

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