GB Group Ord Shs GBGPF

RE:RE:RE:Baby Bear or Momma Bear?

[StayInCash]

I can't tell you what to do but I can tell you what I'm doing and seeing.  Yes, right now, the technical analysis indicates we are in a healthy pullback across the board.  Does that mean we can't break support levels? No, we can break support levels but things never, ever go in a straight line.

Right now we are "oversold" short term meaning we should be seeing a correction with prices going up. We went down too fast.  If we don't maintain support levels, the technical analysis will change from short term bearish with anticipated return to bull to medium term bearish.  That's when you can expect the green lights to start flashing amber.  Then, if we break support levels again, red lights go one and we have an official bear market.

That's on the technical analysis front.  On the fundamental front, if you look at every single bear market, it was 100% tied to recession.  That's months away if not years away. We don't have inflation levels to hold back spending.  One has to look at CPI and its correlation to bear markets.  With Amazon's block buster results this week, there is no problem on that front.  People are spending, things are affordable, more people are working, world economies are running on all cylinders.

A good site to bookmark for a fundametnal analysis of Bear Markets is this one:
https://www.advisorperspectives.com/dshort

When both credicle technical analysts and fundamental analysts turns bearish, so will I. RIght now, I'm in cash at 1/3 because I've been in two bear markets and I want to be all in cash, and short, on the future one.  I don't see it in the coming month or so at this point in time.  I also follow technical analysis and sell on overbought RSI/CCI and buy on oversold RSI/CCI. That's why I'm a buyer here right now trying to figure out the best price point to get in.  It's an art more than a science and people have different styles and risk tolerances.

Current vocal bears are ones that have been bears for years, short bull markets and really want to exploit negativity. These people should focus on real facts instead of fear mongering to support their own self-serving agendas.  They aren't doing anyone any favours and are just cementing their own flawed assumptions and nonsense.   At least from my perspective.