UPDATE NOTE 8/14/09, 11:03 am:
The yen moved up some more today and so it's looking fair to continue seeing the euro as moving inverse to the dollar. However, it just isn't clear to me which path the yen is going to take, if it's going to run with the dollar when equities go bearish or be contra the dollar. My EW view is that the yen's at risk of moving down to 83 $XJY still. Obviously that will be blown out of the water and yen looks bullish again if it retakes 108. Not at that point yet so will have to let the yen work itself out for my charts.
Everything else seems on track so far ...
Twitter worked for a bit but can't seem to re-access it - will try again later. The SPX dropped down neatly to test 997 so if the "string" continues to work, it will need to decide whether 1002 is attainable or trend down again to test 992. The 990/992 area is an important one too.
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