InvestorsHub Logo
Followers 41
Posts 4340
Boards Moderated 0
Alias Born 02/17/2012

Re: None

Tuesday, 01/15/2019 11:53:07 AM

Tuesday, January 15, 2019 11:53:07 AM

Post# of 110318
Since about Christmas time the global cannabis index at 59.77 is on a slow but steady rise and currently is at 82.04 IMO It needs to blow past 100 -125 to indicate a cannabis market is starting to come alive. And continue to blow right on past 200 if any type of mania is going to occur. What is a mania? Well a temporary climb in market share where people feel like they are going to be left out. Causing a panic or stampede a huge mentality to buy ticker in a certain segment causing more buying producing a mania. For example the cannabis mania ( not Hemp ) of 2014 this same index topped out at almost 1000 and lasted around 2 months. Normal trading range of this index is between 60 on the low end ( 33 the lowest ) and about 150. When the herd mentality occurs at around 200 who knows how high it may climb till it tops out. JMHO

https://www.newcannabisventures.com/cannabis-stock-index/