Anavex Life Sciences Corp (AVXL)

[123tom]

I'm thinking the traders should have sold when it peaked just below 12 in the finish of that last rally wave. I was waiting for 12.25 because I'm stupid like that. Then,after that peak, I was watching to see if the pullback would hold support around 10, and we see that it failed , and failed now at 9. Will it hold at 8? Its probably a traders target to buy at 8, and repeat the trade Range again. The major moving averages are waiting with resistance around 10-10.25 area. I might have to sell a few shares there, and then 11 and 12. The main thing I want to do with my trading cash at this point is keep enough dry powder, in case the market does crash, I want to buy more AVXL at 2 and 3 dollars. But what a shame not to have taken a lot of profit at 14 and 15 when we had the chance. I took some there. and of course, now wish I'd taken more than I did. Trading is an educated guessing game.