Louise Yamada Believes the Dow Will Fall Below 6,000

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Louise Yamada, managing director at Louise Yamada Technical Research Advisors, tells CNBC hope is not an investment strategy. Her primary target for the Dow is 6,000, and her secondary target is 4,000.

Source:

http://www.cnbc.com/id/15840232?video=1054650849&play=1
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2 Comments

1. 

   Chico Salmon

   March 7, 2009 at 1:17 pm

   and if it goes to 6,000 she’ll say her next support is 4,000. and if it goes to 4,000 she’ll say next support is 2,000. and if it goes to 2,000 she’ll say next support is zero. techinical analysis is a total waste of time, and rear view mirror driving. tell me someone is going to go long the market because it hit an arbitrary level from some time long ago? or short the market because it fell below a certain level? It only measure moment, and can’t predict reverals, up or down

   Reply
2. 

   Kevin

   March 7, 2009 at 10:59 pm

   she has been spot on — heard her predict a move below 7000 a few months back when the market was at about 9000. her forecast is not backward looking (“rear view mirror driving”), it’s foreward looking — hence the word “prediction”!

   kevin

   Reply