There hasnt been too much resistance
in this big rally. 17.25 to 23.25
6 dollars steady . I was watching for more resistance at the key points, but each day it climbed another dollar basically.
If there was nothing to worry about ,I'd say we ought to see it maybe retrace a dollar or two and then climb again to the 25-28 area and maybe up to test 30 again, but , why arent the sellers taking it down now. Lets see what next week does. But when I say nothing to worry about,
I do think there is plenty to watch out for now. Not so much about AVXL,but about the Global pressures and calamity. war,fears and threats of war, floods, and disasters, the death of the Queen announcement can be a trigger, the China stock market and Real estate giant Evergrande waiting to bust, the 3 Gorges dam waiting to collapse. Underneath that dam is the Bitcoin .All this could trigger a stock market collapse. and here sits the S+P and the others at the top of their mountain ,.Are we looking at the wiley coyote cliff edge now?
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The S+P had been climbing to recovery since weeks ago, while AVXL was lagging. Finally AVXL makes a fair rally in the last 6 days,in a row.
Since when does AVXL rally 6 or even 4 days in a row?
What will AVXL do IF the stock market collapses ???
