Anavex Life Sciences Corp (AVXL)

[sab63090]

poonchline:

If you are using the S&P 500 for reference which seems pretty good, I think that holding the 3900 level was critical (and many tech guys/gals are using that level)...however, we are below both the 200 day which I referred to when it "stopped" the rally dead in its tracks (you might see my reference back around that time)...also, the 50 day busted at around 4000....now we are re-testing that level again....so I'm not confident in the downtrend we are now in as stopping yet....

The trend is still down until proven wrong which will at least require a close above 4000 on a big push up.

I'm focused on AVXL at this time and attempting to see how this works out as a "special situation"; I only hope it is NOT involved in a litigation situation as I have been involved in litigation stocks for too many years & I know these last for many, many years....especially with large companies: Apple, Google, Microsoft, IBM, etc.