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Larry Williams 2016 forecast


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Larry Williams 2016 forecast

  #1 (permalink)
 Volt 
Whitehall, NY
 
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I was wondering if anyone could tell me how Larry did on his 2016 forecast for the stock market ? Thank You

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  #3 (permalink)
 
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 forgiven 
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he had a service called Larry TV i took a trail on 7 years ago, if you day trade he is no help. he is a swing trader, if you have a very large account an stayed with the program you might be ok. but he has big draw downs now and then,,he is honest he will tell you that. as for long term for the year,,, i do not know...

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  #4 (permalink)
 Volt 
Whitehall, NY
 
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ok, so u can't tell me how his forecast went this year......perhaps someone can...thanks for the bump !
forgiven View Post
he had a service called Larry TV i took a trail on 7 years ago, if you day trade he is no help. he is a swing trader, if you have a very large account an stayed with the program you might be ok. but he has big draw downs now and then,,he is honest he will tell you that. as for long term for the year,,, i do not know...


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 inshacornea 
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Volt View Post
ok, so u can't tell me how his forecast went this year......perhaps someone can...thanks for the bump !

I think it did pretty good. It tells you approximate dates of peaks and bottom.
No use for day traders at all. But if someone hold position for 2-10 days , it could be very profitable.
It coincided very well with brexit and election drops.
Oil forecast was amazing.

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  #6 (permalink)
 
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 Tymbeline 
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forgiven View Post
he has big draw downs now and then


That's putting it mildly.

He's been doing similar things for decades.

The NFA has previously fined him for not reporting to potential clients that, while his personal account in a promotional contest was very profitable, his managed accounts for clients lost substantial funds (this was held to constitute "deceptive and unbalanced promotional material and disclosure statements"). In July 1988, the Larry Williams Financial Strategy Fund was launched, followed in March 1989 by the World Cup Championship Fund, managed by Larry Williams, Jake Bernstein and two others. The 1988 fund lost more than 50% of its clients' equity in barely a year; the 1989 fund also lost more than half of its original equity by May 1990. It seems to me that there's an inordinate amount of "hype" around this guy. Be careful what and whom you choose to believe.

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  #7 (permalink)
Pedro40
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Here it is: (you need to get subscribed to scribd, but cancelable)

https://www.scribd.com/doc/314834107/Larry-Williams-2016-Forecast-Report

If you roll a bit down, you can see his 2016 Dow forecast:

https://www.ireallytrade.com/forecast2017/

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  #8 (permalink)
 Volt 
Whitehall, NY
 
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Thanks Pedro...I know the Gann folks bash him a lot. Looks like the 2016 forecast did well at times . He now promotes a recorded seminar from 2015 as a stock course . Was told some of it was similar to dow darlings with a 20% average annual return over 28 years or so . You bring up valid points. How can anyone be sure if his current methods will stand the test of time ? Seems any method promoted would need to be back tested thoroughly before one plunks down their money. Perhaps he has learned from the mistakes of almost 30 years ago.

Anyone else have experiences with Williams?

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  #9 (permalink)
 Volt 
Whitehall, NY
 
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Looks like he may have lawsuits with scribd.........maybe he lets the good forecasts get posted after the fact as a means of marketing. Strange that there aren't many different years of forecasts on that site....I'm staying away from it myself
Pedro40 View Post
Here it is: (you need to get subscribed to scribd, but cancelable)

https://www.scribd.com/doc/314834107/Larry-Williams-2016-Forecast-Report

If you roll a bit down, you can see his 2016 Dow forecast:

https://www.ireallytrade.com/forecast2017/


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  #10 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
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Volt View Post
Looks like he may have lawsuits with scribd.........maybe he lets the good forecasts get posted after the fact as a means of marketing.

Yeah, that was uploaded only in June, so just when the new forecast was coming out. (he does it twice a year)

I personally like him and use his Williams indicator, but I think he stretches himself too thin. Futures, stocks, forecasts, videos, everything. I was looking for a real account result on his website (after all he really trades) but couldn't find any...

Personally I don't think you can predict markets and stocks (and specially not a bunch of them) 4-6 months ahead. But there is seasonality and election years are usually bullish, so one can make educated guesses... But if we would sum all of his predictions the results were probably all over the place....

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