Tuesday, October 26, 2021

According to the schedules, IBM shares may be ready to hold a rally this fall, says Jim Kramer.

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IBM shares may be at a rally in late fall, Jim Kramer said Tuesday, citing a technical analysis provided by veteran cartographer Larry Williams.

“According to legendary Larry Williams, the charts that currently have the hottest hand in the business show that IBM may continue to decline over the next few weeks. But it will fall in late October and then rise higher. is waiting, ”said the head of Mad Money.

“It’s one of Larry’s season games and, as we saw yesterday, you’re betting on him at your own risk,” Kramer said. Kramer was referring to Williams ’earlier call earlier this month, as Sept. 17 was an acceptable date to sell stocks to meet things that were usually difficult at the end of September. Monday was the worst day of Wall Street in months.

Williams likes to use weekly cycle data to determine where they can trade in the future, Kramer explained, and sees a 72-week cycle for technical stocks relative to IBM.

A chart showing Larry Williams ’dominant weekly cycle for IBM.

Crazy money with Jim Kramer

“This year, the lows of this cycle should come in late October. If the same situation persists this year, then it could be an ideal place to start buying stocks,” Kramer said.

The Mad Money host also pointed to a chart showing Williams ’actual seasonal model of IBM. This is indicated by the blue line in the picture below.

A true seasonal model for IBM stocks based on Larry Williams ’technical analysis.

Crazy money with Jim Kramer

“Williams has noticed that IBM tends to be one of the best seasonal collateral in the entire market. This is another trade we’ve been following for 20 years. From time to time IBM falls to a seasonal low near the 20th trading day. October,” Kramer said. you will usually have a result by the end of next month, and then there will be a good rally. “

Another technical indicator in favor of IBM is what Kramer Williams called a panic indicator. In the table below, it is shown in red.

Larry Williams ’panic index for IBM shares.

Crazy money with Jim Kramer

“If you buy stocks every time the panic indicator exceeds 20 … [investors] has made good progress, ”Kramer said, showing a tendency to rise to that high level, but for now, that’s not enough.

“However, if we have more sales — and Williams is expecting everything — the panic rate will go up, and that’s a signal for him to buy shares,” Kramer said.

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