Replies to post #4113 on 123Tom's TA study group

[123tom]

I will study it in a while...
but for now, if memory serves, Elliott wave pattern would suggest this sideways slide around 5.50 this last 3 or 4 months, including now, where its stuck, waiting for the next rally pop..... this sideways slide is called a "Wave 4" and suggests one more rally, Not a big one, the wave 5 rally completes the larger picture, and would show target zone 7.00-8.00 area, maybe 8.80 tops, the 9 dollar area is a target zone as well, but this is a Rally pattern that started from the bottom. I don't want to start at the 20 cent(60) bottom to the 14.84 top. I'd rather start over from the 2.43/2.76 bottoms and examine the peak at 6.64,and this 6 dollar resistance zone ,as it settled around 6.30 area....the Fibonacci tools show this 6 dollar zone (6.00-6.30 -6.50 area as the wave 3 target zone, the sideways slide (5.50-6.30 area as a "Wave 4" is looking like the shape of a wave 4, and one more basic rally to target the 7/8 dollar area would be it for me, to call this a "Finished" 5 wave pattern. Great science success and news of course would propel AVXL into much higher targets ,like back up to 11/12/13/14 area, but for now, the finishing wave pattern coming from the 2.43 bottom ,I believe is setting up a smaller rally to the 7.00-8.30 target topping zone. We can study it more later.
I'd be very happy to sell a lot of trading shares at 7.50
as it stands now, The resistane around 6 dollars has me worried enough to unload excess shares there and forget the game . I own too many AVXL, and need to lighten up at 6 dollars. I'm not happy seeing it wallow in this waiting box. I've rediscovered IPIX, and want to sell some AVXL to buy IPIX.

do you own IPIX? I'm most interested in your analysis of IPIX at the moment.
You would have been wise to buy AVXL at 3 dollars when you had the chance. Bad Citrati, ...Bad boy.