Replies to post #3324 on 123Tom's TA study group

[billmick11]

Tom - I totally get what you are saying, but to me, that's the objective or optimists view. The take downs since since January that AVXL has experienced have all felt vindictive and more extreme than just market forces. If this all is being manipulated, you can't negate the purposes behind such manipulation that are not just purely greed. Are there big dogs out there that do not want AVXL to succeed? Hate to do it, but I'm expecting the most pessimistic outcome with AVXL until proven otherwise. I'm keeping my core shares tight in hand. But trading shares, not jumping back in until big dog intent is clear. Hope it goes back to just technical trading, but twice bitten ......
Cheers!

[Citrati]

It may be an ugly failure, but without closing the week above 3.88 the .54 remaining gap will have additional strength. It will also cause hesitance among many watching for an entry. Without something new to give a boost, down would be the likely winner. Yes, sideways is also an option if 3.70 holds.
While I respect and find waves etc sometimes uncanny in prediction, I am coming to place more weight on Price, Volume and supply/demand candles. I get stuck in the KISS methodology. :-)
http://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=1&mn=0&dy=10&id=p88970954290
Look how todays high and yesterdays low line up exactly with the top of the supply candle from last November of 3.16.
Note the 3.87 May and 3.88 Aug supply candles as potentential resistance, coupled with the basing in June as increasing that resistence. Hence, my desire for a close over and establishing that as support again.
It would also create some strength to have the bottom of the VbyP bar at 3.50 establish itself if 3.88 doesn't. There is more but using the inspect line both horizontal and vertical key points many of which you have noted are clear.
In a shorter time frame the same proceedure adjusts the VbyP bars slightly and all the supply/demand candles used are condensed to 4 months, but the information conclusion is very close in overall terms.
http://stockcharts.com/h-sc/ui?s=AVXL&p=D&yr=0&mn=4&dy=0&id=p60270137379
Something for ya to play with and compare to your mathematics when you have a little "free" time.
Best wishes to you and all AVXL'ers.

Here's that 5day 5minute chart I posted on the AVXL board. What it does tomorrow will tell a lot IMO.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=avxl&x=55&y=14&time=3&startdate=1%2F4%2F1999&enddate=9%2F29%2F2016&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=268435456&lf2=0&lf3=0&type=4&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11