@ 'jtsmgoblue'...all the things you mentioned
are good 'reasons' why the price should have held at 4,and the rally should be happening, and the price 'shouldn't ' even be at 4 dollars in the first place.and why it should have broken thru and stayed above the 200ma at 5.00, etc etc.... BUT as you can see, the price action follows the dictates of the Big Money wall Street manipulation game,and it goes where the Powers controlling it intend for it to go, .It appears computer driven to me, which means mathematical formulas programmed,my guess is that the math includes Fibonacci and all the other basic algorithms.Plotting the math points on the chart has been showing the steps of support and resistance. This is what I show in the way I do charts, and it has been tricky and challenging for me to see everyone talking about the science fundamentals, the trials moving along, the good news cycle approaching, the positive reasons to be invested, the stellar commentaries from folks like Falconer, and other good analytic work by F1ash,about the Financial schemes playing out,stealth dilution ,if that's a good name for it, so many good people here adding their insights,....all valuable to understand. Mixed in with all this information, comes my charts that show the 'technical danger' where I see it, for the next manipulation games, showing the mathematic price action, wave patterns, and Fibonacci targets in play. and today was one of those moments. to anticipate what did happen.
The forces that take price where they intend it to go, took it down thru the 4.00 to the 3.95/3.90 target steps. Congratulations to those who caught the fish there. There are still a few steps in play,that might or might not get hit this week. If I had to guess, I would say Now that the 4 dollar line has been broken, there is easier chance they can just slide it down some more tomorrow to target 3.85/3.80/3.75/3.70 area. I would be shy to anticipate the 3.65 step but that's on the chart as a pivot shoulder point as well. my own falling knife stink bid was set to 3.80,so I didn't catch the 3.90 fish today.
On the chart, I thought the key to watch for this plunge move was to see the Resistance stop AVXL at the 4.20/4.25 overhead wall yesterday and previous failure of 4.25 to act as support ,made 4 dollars the target, and with manipulated intention,the price went there,and with continued intention today broke thru 4 dollars to the next intended target steps.25 cent moves/30 cent/40 cent moves to the next target steps. I mentioned this pattern several days ago.
Who is doing this selling ? NO true investor or trader would be selling here at 4 dollars. This is an accumulation zone. the 'selling zone' for real traders was at 5.15-5.00 in the current picture. even at 4.50 maybe a little to swing along the wave pattern. but No true trader is selling here at 4 dollars. as if they plan to buy at 3. Its a rigged manipulated computer trading system controlled by the big Money manipulators. to push the price down .
Another good demonstration of that game today. Maybe they would do it again tomorrow and the rest of the week. Like I said, the plunges seem to be in 25 cent 30 cent moves. This one was easy to anticipate on the chart.
....and now, as I was writing this, the price is being taken down to the next steps,3.85/maybe 3.80 after that,I cant say. Its bottom fishing time for accumulators. good investing to all.
AI
