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Baby Bear or Momma Bear?

[moneytunes]

Id really like some inputs... Good sources to watch this weekend? , to determine if this is a "baby bear" or if its a Big Momma Bear aka a global or domestic stock crash? :-0 what I am concerned about is all the indexes being down, S & P 500, etc... Anyone?

[StayInCash]

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

[moneytunes]

Thank you StayinCash for your well-thought-out and informative reply... And I will definitely check out that URL... appreciate that! :) So in your opinion, you see this as a pull back, and one that will be healthy (attract new investors, etc) for growth overall... And not an actual bear turnaround or crash? PS... when the prices started dropping last week I attempted to pull out some new purchases

[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

[moneytunes]

again, very insightful and thanks for sharing :-) does give some clarity for sure. I guess we could break support levels anywhere from monday to fri next week? There was a nice bounce on wed last week, and im sure hopin for the same, at least to get back in cash... the least stressful position, with these recent events :-0

[VENMan]

@moneytunes, Baby Bear or Momma Bear? It doesn't matter it's a Bear! I would spend time looking at some charts of Bigger MJ Stocks like WEED, ACB, and APH. Focus on the 50 day moving average and ask if that support is broken where does the support come in at the 200 day moving average. Ask yourself if you believe these MJ Stocks can trade back over their 50 day moving averages and then