OTCPK:GBGPF - Post by User
Comment by
StayInCashon Feb 03, 2018 12:45am
75 Views
Post# 27495427
RE:Baby Bear or Momma Bear?
RE:Baby Bear or Momma Bear? Excellent question and something that should be on everyone's mind. The pullback and correction in this sector is like every other sector. But this sector rose the most so it fell the most.
There are some traders here who appear to be very good here but best to follow known industry leaders who are 100% unbiased and who are open, known and who can look at charts without even knowing the company/sector etc.
Bookmark this URL: https://stockcharts.com/webinars/tv.html The best technical trading seminars out there.
What them look at the natgas ETFS without even talking about cold weather patterns etc. True technical analysts.
On today's daily webinar they commented they were surprised by the market wide panic and they actually "enjoyed it". It gives them the volatility that makes the charts more interesting and deterministic. True professionals. Like professional pilots hitting turbulence. Doesn't phase them at all while passengers panic and scream.
From a technical analyst perspective, the DOW and S&P chart and sector action is a normal correction and healthy. I'm a semi competent analyst that follows the true pros. If they start turning bearish, that's when I'll start short selling again as well. Until then, I follow these experts and only go long, or cash, in bull markets. I am about 1/3 in cash at the moment. Just in case this baby bear grows up to be momma. I don't think it will and the MJ sector is one I plan to dive in to.