Looks like Larry Williams update he posted maybe right
that I took pictures of on Cramer just before December
started. His work called for high on Dec 21.
The part I saw of that said he indicated to buy on Dec 20th and
that there would be strength into early January. Pretty consistent
with regular December seasonality. It is all guesswork, looks
brilliant if it correct during an hour, day, etc. Looks wrong if a
particular hour, day, etc. goes against it. Regular seasonal
strength in December is the norm, last time it wasn't strong was in
2018 when we had that decline into Christmas eve which finished off
a 20% correction from the prior highs over months.
I just trade my own plan. Looking like a chop fest to me with
gaps on both sides. My thought is rangebound here, not a blastoff,
not a crash. All depends on the timeframe and individual
definitions of one's plan. The people behind the curtain running
the market, I called them "Oz" will come back and burn both sides
of the market when they decide its time. Just taking advantage of
what they give, when they give it. The reversion to mean stuff is
great because the odds are very good of success. I crack up at the
reasons the market is up or down on a given day. Just playing the
numbers is the way to go for me. Only reason I'm aware of the
economic events is because they help me with my buying and selling
decisions in combination with my other rules.
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Looks like Larry Williams update
Posted by rbreese on 22nd of Dec 2022 at 08:39 am
Looks like Larry Williams update he posted maybe right that I took pictures of on Cramer just before December started. His work called for high on Dec 21.
The part I saw of
Posted by fundamentalvalues on 22nd of Dec 2022 at 08:49 am
The part I saw of that said he indicated to buy on Dec 20th and that there would be strength into early January. Pretty consistent with regular December seasonality. It is all guesswork, looks brilliant if it correct during an hour, day, etc. Looks wrong if a particular hour, day, etc. goes against it. Regular seasonal strength in December is the norm, last time it wasn't strong was in 2018 when we had that decline into Christmas eve which finished off a 20% correction from the prior highs over months.
I just trade my own plan. Looking like a chop fest to me with gaps on both sides. My thought is rangebound here, not a blastoff, not a crash. All depends on the timeframe and individual definitions of one's plan. The people behind the curtain running the market, I called them "Oz" will come back and burn both sides of the market when they decide its time. Just taking advantage of what they give, when they give it. The reversion to mean stuff is great because the odds are very good of success. I crack up at the reasons the market is up or down on a given day. Just playing the numbers is the way to go for me. Only reason I'm aware of the economic events is because they help me with my buying and selling decisions in combination with my other rules.