The Yen chart shows patterns pointing both up and down, one of which recently produced a bounce from very near its midpoint.  If this bounce is a prelude to yet lower prices, we might use the midpoint of the dueling pattern, at 1.1229, as a place to try to get short for a ride down.  This approach is valid so long as the bullish “C” point of 1.0984 is not revisited first.  (Posted by Doug McLagan)  ______ UPDATE (12:38 a.m. EST, March 18):  This tout has been superseded by the one dated March 18 and is no longer active.  Because we might make future reference to the chart attached to this tout, please note that the number 1.229 in the chart explanation should read 1.1229.