Tuesday, October 27, 2009

Louise Yamada Interview

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2009/10/23_Louise_Yamada_files/Louise%20Yamada%2010%3A23%3A2009.mp3

A blogger, MariAroma, at Slope of Hope referenced this terrific resource. If you do nothing else in the next 48 hours, I hope that you'll listen to this.

I've also placed this on the permanent tab.

11 comments:

Anonymous said...

In case anyone wants to know LY's retail service is $1200 per year. Better value here at TPI. ;)

MarkM

Anonymous said...

50dma. Check. This is where the SP500 has been rallying from. Let's see.

MarkM

Glenn_in_MA said...

Bounce right on cue! But can it be sustained. Just reading over on RM how the small and mid-caps are getting crushed today. Classic topping action, right?

Anonymous said...

You can "feel" the shift away from the risk trade in the Dow price action divergence. Some names there gettin' some love.

Is there a GDP whisper number that I haven't heard yet? If so, that may explain failure to bounce hard here.

Anyway, fascinating psychology shift eh Lisa? :)

MarkM

Glenn_in_MA said...

RUS2000 and SP600 both breached their 50DMA on Monday and could make lower lows today at the close...thereby putting in place double tops.

Glenn_in_MA said...

"You can "feel" the shift away from the risk trade in the Dow price action divergence. Some names there gettin' some love."

Like VZ, which had a LESS than stellar earnings report on Monday...but it's showing some serious relative strength today...nice yield too!

Anonymous said...

Ditto on VZ, Glenn.

Gotta be a lotta stops at the 1035-40 level so this is getting kinda interesting to me. ;)

Next Lisa has to set up "TPI Bull Board" for us daytraders. Oh, oh. Don't make me go back to The Woodshed. ;)

MarkM

Glenn_in_MA said...

There are only a few folks on RM who have opinions worth a listen...Helene Meisler is one of them. She just posted this:

"If the a/d line stays the way it is or gets worse by tomorrow the McClellan Summation Index will require a net differential of approximately +5900 to turn up. That's quite a lot. My memory is a bit faulty at times but I believe the worst this 'what if' ever got to during last fall's decline was +6100 or +6200. So yes that would be considered oversold."

"As for the question of whether or not we can get oversold and not bounce. Of course. Heck, we did it last year and we did it this year when we got overbought and didn't go down."

"I would also make an observation that we went down in a straight line and up in a straight line. I know I prefer a market that swings rather than trends, but trends are what we've had."

"I know everyone seems to want us to bounce from 1050 but gosh if we broke 1050 I think we'd get some panic rather than what we have now which seems to be a lot of short covering."

Anonymous said...

Okay I guess I'm not on GS' distribution list. There WAS a GDP downgrade number out!

MarkM

Leisa said...

I see you guys held down the fort while I was out today. I added some shorts at the open because I let my SPY puts go yesterday (thinking that we'd bounce today). Portfolio is still up....but "coulda, woulda shoulda"

Glenn_in_MA said...

MarkM says, "Is there a GDP whisper number that I haven't heard yet? If so, that may explain failure to bounce hard here."

I'M IMPRESSED!

Oct 28, 2009 (SmarTrend(R) News Watch via COMTEX) -- GS | Quote | Chart | News | PowerRating -- 10/28/2009-Goldman Sachs (NYSE:GS) pulled another last minute move and adjusted its estimates on the nation's Gross Domestic Product (GDP), now expecting a reading of 2.7% growth, down from its previous estimate of 3.0%. The last time they pulled a last minute adjustment on such an economically pivotal reading like this, within 24 hours of the reading, was at the beginning of October when they increased their expected September Nonfarm Payrolls loss, estimating a -250,000 reading from their original -200,000 estimate. The reading came in at a striking -263,000, vs. consensus estimates of a much tamer -175,000 reading. The unemployment rate held at 9.8%, which they also forecasted.