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A Rally here, means stocks in big trouble, says Joe Friday!

By kimblechartingsolutions
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Courtesy of Chris Kimble.

joe friday yen breaking out jan 15

CLICK ON CHART TO ENLARGE

In 2007, the Yen took off and stocks around the world tanked.

The Power of the Pattern has been highlighting for months, that  20-year and 30-year support lines were both meeting at the same price point last year. At the same time the Yen looked to be creating a bullish falling wedge.

Due to the decline in the Yen over the past few years, monthly momentum is hitting levels NEVER seen in the past three decades (most oversold ever)

Joe Friday just the Facts...The Yen is attempting to break above falling resistance, after testing triple support. History would suggest that if the Yen takes off from here, stocks are in trouble!

Keep a close eye on what the Yen does from here friends, this could be a BIG DEAL!!!

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