Good question bill.
If the situation is developing in the same way as the last times, running up into news/"news" and expectations get misconstrued,or somehow disappointed, and Adam F comes in at the right moment with his tweet bash to sound the signal for the next short attack, you know that game... what new development in this news cycle, what new achievement in the science will be strong enough this time, to negate the next short attack? I don't follow or understand the science or fundamentals as well as other people,so I'm not expert enough to explain why This Time it will be different,and there "wont be any great short attack" I need to hear that answer from somebody else. tell me if you know the answer. somebody needs to explain why this time will be different. I do appreciate the science expertise of people like Falconer,and even Xena has good knowledge of the science,several people at the forum have understanding of the science,I think its the key question to start asking at the AVXL forum right about now.
I believe in the developing science,but I just cant explain why This time,will be different and there wont be any short attack.
From the purely technical chart perspective, its very hard not to expect another short attack, using exactly the same formula the wall street game players have used EVERY Time.
IF we do hit a certain peak target zone in the next few weeks, not here at 6 dollars, but maybe at 7.00-7.50 area, or IF it makes a series of rally bounces, beyond 7 and targets 8.00-8.30 area, and the conference time comes, I will be very tempted to sell some trading shares.
Right now, the main target zones my charts are showing is 7.00-7.50 area/8.00-8.30 area/ and 9.00-9.20 area. that's a big zone from 7 to 9...and I cant really narrow it down yet. it just has to be watched as it happens.
we might even get a nice little clue right now, today as price climbed up to hit 6 dollars today, lets see what kind of resistance selling happens now and tomorrow, if any. it might offer a small clue.
what kind of short attack force is out there waiting for the attack signal.
Maybe this time, its not so much about attacking the science, and creating misunderstanding and deception to trigger the attack, it might just be about the extra time in the science,waiting, for the trials results, over 6 months or whatever the stretched out time frame is, there are some good developments to be encouraged by, the new investors in Japan, and other places, institutional interest, etc, AVXL has a stronger Investment base now, that's more positive.....but the manipulation of price action,is what moves the price around like a rag doll, that we suffer with. and now could be one of those times...if folks think they need to buy at 5.80 because its going to blast up and never look back, then suddenly they see the MM's manipulate another plunge and price falls down to 5 dollars or 4.80 where the real bargain to buy should be....and we get burned having bought too high too soon.
I will likely wait to see if we get another downwave to test 5 dollars to buy. I might start nibbling at 5.30 area. I'm not interested in buying any at this 5.80 area.
But as I say, there are some reasons to be more hopeful about the success of AVXL, but there is No indication that the manipulation powers have stopped playing their games with the price action, slamming it down, and running it up to slam it down again.
I have a small bunch of Trading shares, and I should stick to my plan to sell them at the target zones when the right time comes. and be happy with the profits.
On the chart picture today, theres no change from my last charts, that show this 5.80-6.00 zone as a resistance shoulder that could cap price for the week and set up another pullback that could test 5.50 -5.30 area. and remain stuck around the 5.60 area we have been at this week. a breakout here has to run higher than 6.30 to start looking like something noteworthy. in my view.
anything short of that, including this 6.00 peak today, is still in the resistance zone that gets capped. and it looks capped today right here as well.
