RE: Larrry Williams calling market bottom weeks back
I thought this may be of interest to some as Larry Williams, a very experienced and great technical analyst who has been trading for over 50 years, called the market bottom just before bottom (so far that is, if it holds). His video goes through all the indicators (he looks at unemployment, etc.) that he used to come to the conclusion weeks back just before the market hit its low:
https://www.youtube.com/watch?v=ztk3Ti-4yO4
Since then he has come out with 2 more videos on youtube and his last video predicted a slight rise of the S+P from current levels into around the end of April then a decline to start early May taking it down but not retesting the low. Just posting in case anyone is interested. His latest video of 4 days ago: https://www.youtube.com/watch?v=eAaPIW8GLy4
Like Stan, Larry also has a very solid and profitable history as a trader:
https://en.wikipedia.org/wiki/Larry_R._Williams
"Williams has created numerous market indicators, including Williams %R, Ultimate Oscillator, COT indices, accumulation/distribution indicators, cycle forecasts, market sentiment, and value measurements for commodity prices.[10][11] Williams won the 1987 World Cup Championship of Futures Trading from the Robbins Trading Company, where he turned $10,000 to over $1,100,000 (11,300%) in a 12-month competition with real money. Ten years later, his daughter, actress Michelle Wiliams, won the same contest.[12]"