Friday, March 06, 2009

This time is no different, never is, just takes longer on the way up...

Louis Yamada Has 1175 Target for S&P 500 Index (Transcript)

July 11,2008 [The DAY The Oil has PEAKED ]

KEENE:  Are you in the $200 oil camp, just here in twenty seconds?

Louis  YAMADA: Well, unfortunately we do have a statistical number out there. But oil has reached all of our targets from $67 to $80 to $100, and $125, and even $140.

KEENE: Where's your target right now?

Louis YAMADA: Well I think you're probably going to get a little consolidation. But we have one little bit higher target at $150, as long as it holds above $120. But the thing has to consolidate at some point.


Trading To Win
June 11, 2008

[ One month before oil peaked and Yamada expressed her "confusion".

USO was $112 that week, with all time high of $118 on July 11th and /QM futures at about 148 ]

DavidDT:  Just a quick note on OIL - this is / might be a very good week to go short/get out of long positions. I think so because all the hopelessness and fear all over TV, public restrooms ( glad I don't have to use those too often) and due to purely technical reasons ( set of not widely known extremely tweaked by yours truly indicators), plus one more reason Stated by Morgan Stanley - I'll just repost what I posted at TradeKing's forums ( I am not affiliate of TK, so I don't care if you like them, but I AM an affiliate of Worden TeleCharts and Blocks and you at no additional expenses to you might open TC account using the link on the left side or just tell them magic number 638 ) few days ago ( read below):
" My hat off to Morgan Stanley on OIL
posted 06/08/08 01:38 PM | Viewed 104 times
It is not often that major brokerage house tells you "when to sell"
That was what MS just did ( as oppose to GS $150-200 price target for oil in "some future" )
MS by saying "Oil will be at $150 by July 4th" clearly sends out a message for those who can figure it out - SELL OIL BEFORE JULY 4th when seasonably unfavorable time for energy stocks/resources starts. ( which IS the end of June ).
Even if hysteria will change the normal flow of the energy markets this time - at least MS sent out clear honest message - tighten up your stop by then. Bravo MS!
DavidDT "


March 6th, 2009


For your weekend enjoyment take a look where we are now and think very hard about "great investment hype" - even in the "good times"

Here is the link to the great find of Paul from

Below 1966 Levels

That is exactly what I have been arguing with dimwitted confused propaganda inflicted bagholders A.K.A. “investors” ever since the beginning of times.
One would wonder - why American educational system stinks? It is easier to lie to people who don’t know better.


Still double guessing if this is a bottom?.. Stay tuned...