Since in Spike Trade we don’t trade bonds, or Yen, or country ETFs, I thought I would post a couple of charts for those interested. I do a great deal of ETF trading–they let me trade all over the world, in commodities, and in currencies efficiently. Alex commented on the possible top forming in the Yen as well as in bonds, so I thought I would post TBT the inverse bond ETF. This is a classic 1,2,3 Bottom and so is YCS, the inverse Yen ETF (not posted). I’m also including EWM, the most powerful of all country funds. EWM is about to break to a new yearly high, and probably test the ultimate high at 13. The pattern is a very rare quad-top breakout. In each, new buys should wait for pullbacks. In the case of TBT and YCS, look for them to decline back to value. For EWM, look for it to break out, then retest the breakout point. If it holds that would be the buy point. Just so you know, I’m long all three.