123Tom's TA study group

[123tom]

Tricky games for both AVXL and IPIX


games being played around targets up and down.
I feel downward momentum to the AVXL bleeding. I don't trust the support zone (4.35-4.45-4.55)
a determined bleeding process should be looking at the 4.00-4.10 zone
IPIX,shorts and sellers need to make a better effort to take IPIX below 70 and suffer in the 60's. can they do it. I feel more strength supporting the 70 zone. so far. but impossible to know what will happen next.
I'm favoring stink bids down lower for AVXL now. maybe one around 4.25/4.20 but more bids closer to 4.14-4.00 area for me.