Thursday, June 6, 2013

AAPL / USD/JPY

AAPL's chart is improving, I'm still loathe to touch it, but I figure they'll need AAPL to pull the Q's, on the other side of the correlation, $USD/JPY had its biggest crash in 3 years, VERY parabolic, that would translate typically in to the SPX seeing a much larger crash, something along the order of a 3 year move, not 3 year low, but the fastest plunge in 3 years for the timeframe, instead it held up at less than a half percent drop, currently around-0.30.

The USD/JPY looks like its about to sling shot back in the other direction, that's the thing about parabolic moves.

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