First of all, this is not to cause alarm but to look at the JPY chart from a holistic long term view.
The last time we posted about a market drop, it came true. This chart is a summary of how we called the DJIA to fall from 35,200 to 29,000.
This was also followed up with a posting on the SPX from 4200 to 3700.
Looking at the long term view of all the YEN...