Anavex Life Sciences Corp (AVXL)

[sab63090]

Tom:

I am sitting on the fence at this point and not totally confident in my oft stated bullish outlook, but I do now admit that the 50 day has been clearly broken enough to point to the direction as being down.

The minor uptrend line from the spike low (and reversal @9) with the up trendline established at 10...and opens up that lower gap which I did NOT think would happen. It has not been violated by but a little so far with several trading days around this level. Tomorrow will be important, I think.

So, I really don't know what's to come now. The market is under pressure and my confidence level is much lower at this point. This has been 20 trading days down without any upside push....disappointing.