Charts suggest stock market should move higher in late October
The traditionally weak month of September lived up to its reputation this year, but historical analysis of market patterns shows that better days may be coming.
Jim Cramer presented the analysis of veteran chart analyst Larry Williams on Friday’s edition of “Mad Money.” Williams called the bottom in March 2020 and the slump for the market in September.
“The business is a what-have-you-done-for-me-lately business. It’s truly unforgiving. And lately Williams has had a truly stunning track record, so we keep going back to him,” Cramer said.
Cramer points out that Williams’ chart prediction from the beginning of the year is eerily similar to how the 2021 market has played out.
“For the most part, Williams has been dead right,” Cramer said.
Larry Williams’ chart prediction has been solid in 2021.
Larry Williams, CNBC
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