123Tom's TA study group

[123tom]

nice at IPIX 71

This retrace in IPIX...its not a bullish pullback, Chuck, in terms of the Fibonacci retrace, from the 68 to 1.08 peak,that rally wave needed to hold retrace at the 80-85 area. anything in the 70's like this, is a neutral pattern at best, a range pattern heading back to the 60's again, or a complete breakdown into the low 60's and the 50's. a bullish pattern would have held at 80 cents as a bargain to buy. and another rally would be heading to test 1 dollar by now. IF this bleeding down in IPIX is like the AVXL bleeding... for instys to accumulate, etc... then 72 area is a bargain, but so would be the next steps down.

I have a lot now in the 70's to hold as a core, but a lot in the 90's now to trim and get the cash back.