Pound Yen and the DJIA

This is somewhat interesting. Maybe you'll find it so as well.

This appears to be the "De-Coupling" of the carry/equity/yen trade that has
been mentioned recently. At first, I couldn't see it. I couldn't even see a reason for it.
The correlation of the "Uni-trade" (all roads lead to the carry-trade) just seems like
a natural phenomenon after all these years of winding (and unwinding).

Look at the Dow (we do have 5 clean waves down as of today so, don't sell ALL your stocks yet),
and then look at Geppy. Peaks and troughs are still correlating, but the two charts
are telling two very different stories. They may not be lined up proportionately
because the Sept Dow futures is a 1000 tick chart and the GBP/JPY is an hourly,
but use your imagination and you can see the peaks and troughs during the past month.

P.S.

I have no idea if that really IS the end of Wave 5, because it could extend.
So, please don't buy the Dow just because it looks cheap.
At least find a better reason than you feel lucky.

hello,based on the corelation between the two (carry trades and DJIA) like u said DJIA fell for a month while GBP/JPY fell hourly,my question is did GBP/JPY fell for that month too?,if so what time frame was the GBP/JPY in? that you were able to draw the waves,if i may ask kindly was there any hard news affecting the US economy that caused this fall if so kindly help me out with materials the will help me understand DJIA and carry trades [i am quite new at this thats why the lots of questions,thanks for understanding]