chuck, doesn't it make more sense to look at XBI instead of IBB when watching small biotech?
Even then, I wonder about trying to find correlation with AVXL. I do look at the IBB and XBI,to see the sector.but I don't try too hard to make a correlation with AVXL.
AVXL made a good rally from 4 dollars to 6 dollars. it needed a technical pullback, and so far has only targeted the 5.50 target....right in the middle zone. I'm not even that ecited to buy some at 5.50 but I like 5.30 better,and 5.17
small portions.
Maybe AVXL,in this plunge, will start making a triangle terminal centered around this 5.60 area,or 5.50 doesn't matter, and from there comes the set up for the next big money surge into April.
IF we could get one more strong plunge to test the 5.30-5.00 zone that might be the time to make a good purchase.
Could the powers on wall street push the price Below 5 dollars????? that's a big question.
