$Nasdaq Composite Index (.IXIC.US)$ it's very important that...

$Nasdaq Composite Index (.IXIC.US)$ it's very important that you put the dollar yen chart on your screen and in the front of your mind. July 11th is when all tech stocks began their crash and that was when the dollar yen correlation broke it was not the Thursday before Black Monday as all these moron bobbleheads on TV are telling everybody. so this trade unwinding term that most say is maybe 60% done can still wreak havoc on tech stocks not the degree of Black Monday but can cause a very large percentage drop for several days. we just broke another leg down in the past 24 hours of the dollar yen. this gap down is what causes the margin calls in Japan which forces them to sell US stocks and most people were invested in not only the magnificent seven but across the board the high beta technology stocks. so this morning everything is gapping down again and some will say it's profit taking some will say everyone's waiting for Friday for the FED to speak chairman Powell but you must keep an eye on this because if it breaks inter day it will cause out of nowhere several hundred point down day in the NASDAQ and another one tomorrow and another one the following day. and this is because if this trade on winding is about 60% done that leaves 40% more that's trillions of dollars of stock that will be sold.