stay safe out there in Texas.
and thanks for your kind words.
I'm mostly self taught in chart analysis. I learned some things from a newsletter trader I subscribed to several years ago. and I learned from a few web sites, some you tube videos, but mostly its just study and watching price action for hours.stockcharts library is a good source as well. I did study Elliott wave counting from Prechters books, and a newsletter for a while.
I learn things here at IHUB from people like Citrati.
You can teach yourself a lot and once you get going with it ,its just spending a lot of time looking at charts and watching price action. and using the technical tool set.
The most shocking thing in recent years is how the stock market has become unreal. its rigged and fake now, and its very obvious at this point in time. so it makes me cautious about these charts I'm doing, like trying to factor in the rigged manipulation,trying to guess what the next sleight of hand trick wall street will play. when the Cartel slammed down the metals and miners in October when China was on market holiday and then again in November with the TRump election, that was an orchestrated rigged event that was the latest example of the corrupt rigged market.They seem to be doing it once again these days with the metals. suppression and manipulation. How can a person invest in this kind of vegas casino rigged game.
so I try to be very careful.
AVXL is such a complex puzzle. being so manipulated by wall street traders and big money powers that move the share price all over the place up and down. IF this current rally, with all its news cycle expectation, seems to be faltering , maybe a day too soon to tell just yet, but it certainly showed No follow thru today as it went down to test support at 5.55... tomorrow could be a big clue as to what AVXL will do in the coming weeks. is it going to rally some more or just wallow in this middle zone around 5.80. The bullish rally needs to see another 1 dollar surge very soon, otherwise, what do the powers intend to do here with the news cycle and the beginning of what could be a rally, but needs conviction now to get going. the rest of this week AVXL needs to find its direction,either up some more or down some more.
1 dollar in the chosen direction. would that be 5.80 down to 4.80 ? or 5.50 up to 6.50
that's the basic road map I'm watching for this week, and next.
A good rally ,on the technical tracks for AVXL should at least target 7 dollars and 8 area is a more complete finish . as far as wave patterns go., much like the past rallys that targeted the 8.00-8.30 area.
