Anavex Life Sciences Corp (AVXL)

[sab63090]

Yes, it's certainly possible that there will be an overshoot to the $5.55 level which would be the exact prior low and is the current 200 day sma, but I always use Plus or Minus and think that works fairly well.

There's always the chance that I am WRONG and that the downswing turns into a breakdown.

By bias here is LONG, so we seem to be in an interesting spot to be positive.

The market or those with another view will attempt to shake people out, that's life.