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