Sorry, the Yen exloded off the low on the monthly chart in February. SNE has been following right along and has now done a .382 retracement. Today SNE had enormous volume but the price went nowhere. I need to get my head wrapped around that; maybe see what happens tommorow. Normally you don't want price and volume to disagree, but there is the currency exchange to consider. The dollar/yen today was/is flat so I expect that is why SNE was flat despite the huge volume.
SNE is definately a currency play but has long term potential I think given how high the Yen has gotten. I was expecting another Pearl Harbor attack for what our Fed Bank has been doing to them. But I think things might be turning for them. But on that same note, we have Japan needing a weaker currency and we have Europe in desparate need of a weaker Euro which can only mean the Dollar will have to go up. And if that happens our equities will go down at least until our markets adjust to a rising dollar.