Anavex Life Sciences Corp (AVXL)

[sab63090]

@Tom123

I pretty much agree with your observations on the Elliott Wave Count (looks like a 5 wave decline completed to me)...I've known Bob Prechter of Elliott Wave Theorists since 1987 when he made that fabulous call on the market and saw him survice his prostrate cancer, too.

The problem EWT counts is that they are always being "re-counted"...he has been calling for a Super Cycle Wave Five Top" for a number of years and keeps on trying! LOL

I've worked with some great traders over the years, Robert Farrell (Merrill), Bob Prechter, Larry Williams (Commodities), Tom DeMark (TD Sequential) and other throughout my career...although I started as a very young guy learning from my mentor in Commodites Trading via the Richard D. Wyckoff Method...so I have a very streamlined approach and have made MANY mistakes along the way...

I'll keep lurking here for the science people and some TA which I enjoy the most for my simple mind...best of luck!