check out this jyen weekly chart
just another reminder of the JYen bullish chart
notice the upside down Head & Shoulder pattern
notice the right shoulder triangle forming
both H&S and triangles are extremely reliable patterns
this thing is gonna pop, and make world news
that is my major call for 2ndHalf 2003
the target I see is 96-98 on the jyen
which translates to a buck worth $1.02-1.04, near parity
a little over a 10% move, enough to matter on prices of Sony, Nissan, Kenwood, Hitachi, Fuji, Mitsubishi, Mazda, Kamatsu, etc
(but not so much Toyota and Honda)
enough to matter on $340B in USTBonds
THIS WILL BE ROUND #2 ON THE USDOLLAR HAVOC TO FOREIGNERS
ROUND #1 WAS PAIN TO THE EUROZONE ECONOMY
stockcharts.com[h,a]waclyyay[df][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G
this website is worth saving
the best charting tools on the web
I intend to post this weekly chart each and every week this year
until the jyen breaks out
it will make world headlines
/ jim |
