Anavex Life Sciences Corp (AVXL)

[123tom]

BD,....are you watching the DOW and Nasdaq too ?

they are kinda going in the wrong direction these days.... I wanted to see the $INDU holding support at the 16000 and make another rally. its not doing that.

Theres some other track things are moving on right now....My forecast for the $INDU,Gold, and AVXL... that I was anticipating...well the other day I thought this technical station at 3.60/3.70 for AVXL was a dip to buy so I bought a little more. It now fell to 3.30 ...this is another technical station. BUT theres still a few more below on the technical chart.Must we buy them all ?

On Gold, I thought the technical topping would be in the 1180-1210 area....its broken thru that now. I could see the potential for this move but I traded the other track,jumped on it the other day and sold "too early" ...sold at the technical 'wave 3' and now the sideways slide(wave 4) of the last few days, has become 'wave 5' rally higher. but I still expect to see the Cartel stop price in this area and begin a pull back.

and the DOW.... it failed to hold 16000, falls down again today and I dont know for how long the PTB can allow this direction to develop before they have to bring in the exchange stabilization fund and the plunge protection team.

So my outlook was a little off this week. so far.
I'll have no trouble buying more AVXL at the weekly 200ma, IF it gets there. and I'll probably buy a little here at 3.30
the bounce to 'sell some' for me would be around 4 dollars now.then the mid 5's.but thats not advice for anyone.

I dont mind if the Powers screw around with the S+P DOW and zig zag the bottom zone here ....as long as they will make another rally back into the technical rollover zone. and this right now is not it. and neither was AVXL a roll over zone at 4.30.On my Swing chart pattern, AVXL roll over resistance zone is around the 5.50-6.30 area....not 4 dollars.
we could be seeing the set up for that next swing wave,long term swing wave, where it bottoms and bounces at the 200ma (2.80-2.70 area)and then rallies a double to the 5.60 roll over zone. That would be the wave I want to sell on the technical chart.
How can AVXL NOT hit that 200ma now....



and now....if it rallies back,the daily 200ma might act as a slam down wall. at 4.70