Anavex Life Sciences Corp (AVXL)

[123tom]

Hi John, yes, I remember all that price Rollercoaster back then, as well as your name from way back. Yep, the trading game is tricky. I was fooled enough the other day to buy some at 4.80. It was a technical target. Here we are, now hitting the next step down to start the week. But looking at the downwave, that looks completely mechanical, sliding down from 5.20, what began around 5.45 resistance, we're getting the 1 dollar move downward. I wouldn't be surprised to see another 1 dollar down after a bounce now, from 4.50 to 4.80/4.90/5.00 fails, rolls over and cascades down another dollar. I could be proven wrong of course, but bottom fishing, 4.00-3.80, is in play. In my view. Happy fishing.