Disappointing to see AVXL's smash down today.
If you had been reading the super bullish euphoric hype on the AVXL forum over the weekend, ...I did, and got to feeling like this week might see a rally blast....??? and instead of getting a real one, we were treated to a vicious whipsaw several times in premarket, then a sharp pop at the open followed by a neck snapping whipsaw down to pause at 4.20,before getting hammered to the real target zone (4.00) .
Completely negating the first rally wave last week from 4.07 to 4.50. Completely erased. and back we are at the starting block. Ok. so the Powers want more time. and they achieve more time, to keep playing this game in a Range Pattern, accumulating at 4 dollars, but now I wonder,do they Intend to take it to the next step at 3.80? how about the 200ma again at 3.40? 3.50?
only time will tell. NO Rally begun so far for AVXL today.
BUT,IF the Powers do intend to hold support here because they are ready to generate the next big rally..... then 4 dollars will be made to hold.
Riding these waves up and down. I sold a little at 4.48 peak last week.
and I bought it back today at 4.04
but , even when I'm trading it ok, its not much fun to do. I'd rather see science succeeding, progress translating into a rising share price, instead of a twisted rag doll tossed around at will by the wall street powers.
