Larry Williams correctly predicted the bottom of the Coronavirus crash
In March 2020, when the markets had plunged and hit the lower circuits, Larry Williams was amongst the few Pundits on Wall Street who had predicted that the market had bottomed and that we should buy aggressively (see This Sell-Off Is An Exceptional Opportunity To Buy Winning Stocks: Bill Miller).
“One of my favorite technicians, Larry Williams, the dean of the group, just went VERY bullish with a Major Buy signal.. Time of Extreme Panic.. The most reliable indicator he has. Ask any technician –he is the best,” Jim Cramer of CNBC had stated, paying tribute to the veteran expert.
one of my favorite technicians, Larry Williams, the dean of the group, just went VERY bullish with a Major Buy signal.. Time of Extreme Panic.. The most reliable indicator he has. Ask any technician –he is the best
— Jim Cramer (@jimcramer) March 19, 2020
That was a brilliant prediction because the market shot up like a supersonic rocket immediately thereafter.
Santa Claus rally is coming
In his latest video post, Larry Williams has given detailed reasons as to why the market is preparing to rally.
Jim Cramer confirmed the veracity of this analysis.
“The charts, as interpreted by the legendary Larry Williams, suggest that the Santa Claus rally is coming to town next month and you’ve got to get ready for it, or else you may be left behind,” he said.
Cramer pointed out that Williams had earlier predicted the October rally as well. “Since then we’ve had a very nice run, so as we get closer to the holidays, we’ve got to ask, can it continue?”.
“That true seasonal pattern is based on the historical pattern at any given point in the year, and it predicted a monster run through mid-November. And it suggests we’ve got another leg higher through the end of the year,” Cramer said.