Yves Says, Are You Ready for Dow 15K!

Well, not sure if this will be seen as one whopping fish story, but the man is putting it all on the line and predicting new highs in the Dow.  Of course, WHEN to go in is still the big question, the real Big One.  Yves has his surge (driven by climate change, see Download guide_ConfrontingClimateChange.pdf), I have mine (driven by tech, including cleantech), but we both see an Election Rally soon which should propel stocks into 2009 in a strong and vigorous rally.  But not yet ... read on.  Yves' guestblog follows below the fold. 

Are you ready for Dow 15,000 ?
Our next buy will be a screaming one

Events have progressed  as our scenario indicated previously. We will  be faced with a grand opportunity to buy for the next cycle up.

People will mistake this as a continuing bear market until half of the move up. The market should find a lasting floor before year end.  It shall embark on a spectacular rally that will  surpass the old highs. All of my indicators point to this and  was explained on Bloomberg Television last Friday.

Most importantly it should set the top of the range to come for the next 10 years. Volatility will be partly based on two strong opposing forces where  none will win decisively. Deflation and inflation will fight it out for long with few winners in between. Call it the confusing decade.

Yves Lamoureux,   Blackmont Capital Inc.

Disclaimer: opinions and projections contained are of the guestblog author and may not represent the views of Yelnick, Blackmont Capital (BCI) or any other organization. The information contained herein is for information purposes only and this report is not to be construed as an offer to buy or sell any securities. Neither Yelnick, BCI nor the author accepts any liability whatsoever for any loss arising from use of this report or its content. The comments and opinions expressed in this letter are the result of work done by Yves Lamoureux. They may differ from the opinion of Blackmont Capital Inc. ("BCI") and should not be considered as representative of BCI, belief, opinion, or recommendations. The statements and statistics contained herein have been prepared by sources we believe to be reliable but we cannot represent that they are complete and accurate. This material is published for general information only. BCI assumes no liability for financial decisions based on this information. Readers should obtain professional advice before applying any ideas mentioned to their own personal situation to ensure their individual circumstances have been properly consideredBCI is an independently owned subsidiary of CI Financial Income Fund. CI Financial is a Canadian owned diversified wealth management firm

Comments

[francoise]

ce serait intéressant que tes chroniques soit bilingue, est-ce possible dans un avenir proche.merci

[yves]

Francoise j ai beaucoup mieux . Voici mon emission hebdomadaire sur lesaffairesTV

http://www.lesaffaires.tv/categorie-12-Lamoureux-des-finances

Yves

[Sean]

I really don't understand a single word of Franch.

Yelnick, can you provide a summary about Yves bottom target and timing to go long? Thanks

[yelnick]

Sean, Yves comment was about his TV show. He has not presented a time or target for the bottom. He will send me a post or notice when he has his buy signal.

[Fred]

Bearish sentiment is at 14-18 year highs. Bull market ahead.

[Derf]

Bullish sentiment is at 14-18 year highs. Bear market ahead.

[min]

Range bound markets?

[Hank Wernicki]

Shorting E-mini @ 1287 Stop for today

[MT]

Everything points still into the direction of a corrective up bounce. No longs for me. When you sit for a shave at the barber,the barber can shave you properly, but if you continually fidget you will be cut. You cannot blame the barber or the razor...
One more down leg soon, then a big buy opportunity.

[JP]

Maybe is it a idea to look how the financial system is doing after the major wave 3?

Much less credit available, deflation, and then we are gonna see a dow of 15K?

Wow...

[best trader]

dont believe anyone.if anyone knows what happen.....they will not screaming to you to win money :-)

trend is your friend.......and the trend at the moment is down ;)

[Francis Schutte]

We have discussed this option on our goldonomic.com web site. As authorities and banks inject liquidity into the system (the Swiss national bank, the ECB and the Fed have just agreed to keep the window open), it will end up in the stock market. Certainly if there are Forex controls on the Dollar and/or if the trade of gold is banned, the americans will like the Zimbabweans have no other option than to invest their savings into the stock market to minimalize the loss because of inflation. This implies that as the Dow Jones goes up, the Dollar will tank...

[min]

Hi Francis:

Read your post. I was wondering where one could get more info on:

"(the Swiss national bank, the ECB and the Fed have just agreed to keep the window open)"

Thank you in advance

[Rogue Poster]

I don't know. DOW 15,000? I just don't see it.

I've gained more respect for Steve Hochberg's wave analysis lately. Tonight's STU is very compelling. I prefer Steve's wave count over other anaylsts on, if nothing else, aesthetic grounds. If you look at chart 4 of the STU for 8/1, the wave count is very clean, very appealing. There's a saying in the Air Force, "If it looks right it flies right" and this just looks right.

Go ahead and call me nasty names if you want, but Wave 3 of (3) down looks sweet and elegant, versus the alternative, Wave 2 of (3) up, promoted by Bob McHugh, which just looks like a hideous mutation from the Black Lagoon. Maybe that's what the market is right now. A hideous mutation.

Shred it.

[Rogue Poster]

Also, note that S&P had two opportunities to break the highs of July 23 (1291) and it failed BOTH times (on Jul 30 and Jul 31). If it was going to break those prior highs it was given ample opportunity, yet it didn't, or couldn't. In fact, it didn't even come close--it missed by a full 6 points.

That's bearish chart action IMO.

[awestruck]

Francis Schutte said: "...if the trade of gold is banned"

Where do get this from? Do you understand that Gold is NOT a hedge against Deflation. There is no reason to stop you clowns from buying it.
Shessssssssssssh.

[EN]

Allow me to make a grand prediction: DOW 50000. My target date is sometime in the future. It is not an exact date yet.

But seriously, I can see SPX 1325 (give or take) in the coming weeks followed by resumption of the bear trend that started in October. Perhaps, an October 2008 bottom as would be par for the course.

[yves]

Just realised that by doing Yelnick a favor to write him a piece quickly , I omitted the time date of this forecast. As we said on Bloomberg Television recently the target for 15,000 was by late 2009 to early 2010.A lot of details were given on Bloomberg TV and also historic past episodes as guide to this.I will try to not make the same mistake again.In the mean time read this free guide to climate change reprinted with the courteous permission of Institutional Investor magazine.I am featured in chapter 2.I will also be featured next month in the newsletter of the Royal Bank of Scotland and a brief mention of why behavioral finance works.As my liquidity signal is now back on a sell signal ... get ready to rumble!

Yves

[Rogue Poster]

If McHugh is right about wave 2 up then yes I can see 1300+, maybe even as high as 1325. But we are clearly in an over wave 3 pattern right now. Which means a very steep dropoff on the other side.

It's all about risk management right? What does it hurt to pull your money out around 1290-1300 (or 1310 if you want to live dangerously). Say Yves is right and the market keeps going up. If it gets much above 1340-1350 then we know the ellioticians got it wrong and we never utter their name again. OK, so you end up missing out on a 40-50 point move in the S&P. That's not the end of the world. Compare that to the alternative. Say they're right and we get a devasting collapse. You could suffer serious damage to your account. Which is the lesser of two evils?

[forex forum]

its now where close to 15k now. Unsure if i will ever see it in my life time.

forex forum discussion

[forex forum]

We might see 15k in 20 years. We are at 7000 now and unsure if we see a botom.