123Tom's TA study group

[sab63090]

I personally believe that we are at a Big Inflection spot.....using the weekly charts give the best view for investors at this point...looking at AVXL the weekly shows the trendline resistance level clearly with the spike high levels where a line can be drawn, it stands out & you can just "eyeball it"...I don't even need charts, I can just look and see the standout levels. If AVXL pushes higher from here, it might just explode beyond that 10 level, there is a sweep up channel...perfect set up.

As far as the XBI is concerned...I made the comment several weeks ago that many portfolio managers know that groups that did not do well in any giveThe XBI has taken out the 200 day on the daily and is right on the verge of breaking the 50 week (1 yr) sma...n year, do very well in the new year & I realize that the biotech group has done poorly for several....anyway, I think 2024 will be strong for this group.