Larry Williams on Traders Workshop | 12/19/2023 - YouTube

Prediction   #larrywilliams #djia  

Idea of short-term trade or entry: daily or weekly bars with almost same open and close prices, open-close range being within 5% of day's high-low range, usually lead to large expansion of open-close range days next day or next week. These factors do not matter: 1. whether open or close is higher or lower; 2. whether open / close price is closer to high or low. A tight open-close relationship means congestion is taking place and a move is about to come. Direction-wise, look for a reversal of expectations, in another words, if the expectation is bullish, then sell; if expectation is bearish, then buy.

• buy entry: add today's close minus today's low to tomorrow's open
• sell entry: add today's high minus today's close to tomorrow's open

At beginning of 2023, #LarryWilliams came up with a forecast of #DJIA for full year 2023 which throughout the year proved to be very valuable to a lot of people and confirmed the message: the market was predictable. Larry came up with the forecast by taking all historical years whose pattern of #DJIA look similar to 2022, then take an aggregate version of their next years' pattern.

According to #LarryWilliams: What really happens when rate rise? Contrary to conventional thought, rising interest rate increases money supply, because of more interest income will be put into the economy.