Free Republic

Louise Yamada clinched her reputation as America’s oracle of technical analysis with an emphatic sell warning at the top of the Wall Street boom in 2007. She is watching the torrid rise on US and European bourses with mounting unease. Retail investors have not taken part. America’s mutual funds haemorrhaged further $12.7bn in July, the fifth consecutive monthly outflow. “A lot of this rally is just short-covering by hedge funds. There is underlying weakness creeping into the markets. Volume is low, and going down. You could call it a vacuum rally. New highs against new lows have been deteriorating.” The...

You think Goldman Sachs was reaching when it said oil could spike to $200? Try Louise Yamada on for size. The former Citigroup analyst sees oil going to $450 inside a decade. Based upon fundamental demand and technical market factors, Yamada says much higher oil just makes sense. “If the present rhymes with history, oil prices might be expected to advance significantly ($253 to even above $453) over the decade ahead,” she wrote in a report to clients. Yamada is managing director of Louise Yamada Technical Research Advisors, a firm she founded in October 2005. Prior to that, she spent...