Technical Analysis A Comment -- General Comments From an Expert(A Commentary)
22/02/2022 at 07:00pm
Buy, says technical analyst Larry Williams Williams says we should be ready for a great buying opportunity in the next five trading days. Williams is looking at commercial hedgers--from data released every Wednesday on the net holdings of small and large speculators and commercial hedgers (banks, mutual funds and perhaps governments that buy and sell stocks). Then the latter get very bullish, it's almost always a buy signal. Right now, his readings (stretching back to 2018) are at peak--buy. A lot of sophisticated money has entered the money on the long side. A rally is coming. The last time his indicators showed this signal was late-March 2020 (when markets bottomed during Covid). Hold your nose and buy. The market could bottom by next Tuesday. Also, stocks are too cheap compared to the bond market, says William's data. William's indicators stocks are very undervalued/cheap vs. bonds. There will be market choppiness, but Williams expects a meaningful rally. Now is the darkest before the dawn.