Anavex Life Sciences Corp (AVXL)

[sab63090]

Citrati
Agree with you on that.

Many have noticed that indexes are more prone to closing gaps much more frequently than individual stocks and some traders use this for trading set ups..An institutional trader & analyst, now retired...brings up these things often....his name is Walter Deemer who has a few books written on the subject and posts often about the $SPX gaps.

He provides this info on "X", not sure if he is private or not, but I am able to see his posts.

I had two "my bads" recently as I thought first that $10 was a good buy, then the $9.50 area which was, for me, logical support around the 50 day sma and it did have a quick short lived bounce to appx $11....the last break took out the 50 day and closed the gap...At this point, I think 2 punches in the nose is enough for me to just back off and accept it.