great depression fall looms..., page-70

Yen has weakened off again. Apparently last night's trading in New York went back and forth with the value of the yen carry trade.

But ignoring the yen for a bit - we have now had four down days. The last time we had four down days we went from the top of the expanding triangle almost to the bottom but this time, the correction is much shallower. Still leaves open the possibility that this sideways move of the last seven weeks is a fourth wave and we still have a fifth to go. I feel we will probably have the answer tonight.