123Tom's TA study group

[123tom]

Decent follow thru today for IPIX

....so far so good at 93 cents.
AVXL made a 20 cent bounce and a 10 cent pullback ,sits now at critical support step 3.65, AVXL needs another bounce to push into the 3.80's to start looking like a rally wave that could recover. and make the pivot low at 3.56 become a finished Bottom. it has a chance but only if we get continued climbing this week , price action needs to turn the current 3.80 resistance into a 3.80 support step later. 3.80 is a key step to watch now, as is the immediate resistance at 3.70/3.75

downward direction hinges on this 3.70 area. I would bet that your short time frame indicators are all screaming around the 3.70/3.72 price points here.

Fibonacci rally targets for AVXL if it holds a Bottom at 3.56
AVXL chart here



Silver continued down today....I bought some silver at the lows today. watching a few silver miners for bargain buys....Hecla (HL at 3.50 area but my target zone includes 3.50-3.00,I'd like to see it closer to 3.20 before I get eager to buy some. SVM,Silvercorp hits a target at 2.17,where I had a stink bid for the longest time, but I changed it to 2.12 the other day because that's how smart I can be. lets see if I get one more blip down,and I'll call my caveman brain a genius.

Miners are looking downward,as is gold and silver. Corvus, Chuck, hanging around 1.10 so far...it will start looking appetizing at 1 dollar later. if it heads in the direction I'm expecting. The 1.20 area is a resistance roll over zone for CORVF. theres a chance we could see it fall to 1 dollar,and the 90's.