123Tom's TA study group

[123tom]

I lightened some AVXL at resistance 4.33 today...

rolling over in this topping zone, looks like resistance is winning today around 4.40-4.35 area, and it fell down in the afternoon, To me its forming a topping rollover zone at 4.35 now. It should be a strong test of support zone now (4.25-4.20 area to hold, and battle against the topping resistance at 4.30-4.35 area, Failing to push thru the 4.35 now,could mean a reversal into a downwave to retest 4.00-4.10 target zone, so I'll be happy enough to rebuy my portions there if we get the pullback again. if I'm guessing right this time.

This resistance around 4.30 has a bit of danger to it. we could see a plunge to 4.15-4.10-4.05 tomorrow coming from the roll over resistance.
UNLESS the 4.25 support (the 50ma) holds strong support now.(4.19-4.25)

I bought some more IPIX at 71 today.